carousel fraud

English - English

Definition of carousel fraud in English English dictionary

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

Hyphenation

car·ou·sel fraud

Turkish pronunciation

kerısel frôd

Synonyms

missing trader fraud

Pronunciation

/ˈkerəˌsel ˈfrôd/ /ˈkɛrəˌsɛl ˈfrɔːd/