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carousel fraud

noun

Definitions

  1. The theft of value-added tax from a government by exploiting the way VAT is treated…

    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.

The neighborhood

Vish — recursive loop

No curated loop yet for carousel fraud. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA