30 held in VAT scam
Source: Shanghai Daily |
May 17, 2016, Tuesday
|
Print Edition
Print Edition
MORE than 30 people have been detained in connection with a 30 billion yuan (US$4.6 billion) tax cheat, police said yesterday.
The suspects are alleged to have bought value-added tax invoices from members of the Shanghai Gold Exchange, sold gold without invoices to retailers and issued VAT receipts to shell companies around the country.
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