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carousel fraud
From Wiktionary, the free dictionary
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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
Further reading
carousel fraud on Wikipedia.Wikipedia
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