The loss of customs revenue and Value Added Tax (VAT) to the EU stood at €2.7 billion ($2.9 billion), according to the European Commission. The case related to when Britain was a member of the EU. The ECJ however rejected the figure in the ruling and said the amount was not calculated to the required legal standard, according to the statement. A new calculation was needed, and Britain faced a new EU fine as a result. Between 2007 and 2015, the European Anti-Fraud Office (OLAF) warned EU member states about shell companies used to purchase textile and footwear imports from...