carousel fraud
English
Noun
carousel fraud (countable and uncountable, plural carousel frauds)
- (finance, taxation) The theft of value-added tax from a government by exploiting the way VAT is treated within multijurisdictional trading where the movement of goods between jurisdictions is VAT-free.
Synonyms
- carousel trade
- missing trader fraud
Hyponyms
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.