Customs investigates €60m tax fraud in used car trade

Finnish Customs has opened a large investigation into suspected tax fraud linked to used vehicle imports into Finland. Authorities state that more than 3,500 vehicles entered the country through arrangements that avoided value added tax. The suspected loss to the state exceeds €60 million.

The investigation centres on purchases of used vehicles from other European Union member states. Finnish Customs reports that the cars carried a purchase value of about €115 million. Investigators state...