In spring 2010, Nepal’s Inland Revenue Department (IRD) seized fake Value added Tax (VaT) invoices that were being sold at local stationeries. amid reports that companies used these invoices to evade taxes a story appeared on CNN online about a report prepared by the IRD on VaT evasion having gone missing, possibly because business elites had influenced the Finance Minister. The CNN piece reported that fake VaT invoices had been used to evade almost Rs. 20 billion in taxes, and also named some businesses that were allegedly involved in the scam.