carousel fraud

Fetched 2026-10-26 (cache).

Datamuse reports no synonyms or antonyms for this word.

Noun

1. {{lb|en|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.

Source: Wiktionary · CC BY-SA 4.0 (Wiktionary dump) · cached copy, not a rewrite.