Definitions from Wiktionary (carousel fraud)
▸ noun: (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.
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▸ noun: (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.
Similar:
contra-trading,
tunneling,
value added tax,
value-added tax,
wardrobing,
shoplifting,
washing,
round trip,
exit scam,
tax point,
more...
Opposite:
▸ Words similar to carousel fraud
▸ Usage examples for carousel fraud
▸ Idioms related to carousel fraud
▸ Wikipedia articles (New!)
▸ Words that often appear near carousel fraud
▸ Rhymes of carousel fraud
▸ Invented words related to carousel fraud