Cash-strapped European governments have been fighting a parasitic drain on their tax revenues from fuel theft and the tax fraud that goes along with it. According to a report from Bloomberg, individual governments are losing anywhere from 100 million to 1.3 billion euros ($133 million to $1.7 billion at today's rates) due to the scams. The increase in theft and fraud is being blamed on a 52-percent jump in diesel prices.
Autoblog , Fuel smugglers costing Europe $4B+ in lost taxes
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, Fuel smugglers costing Europe $4B+ in lost taxes
