carousel fraud
carousel fraud · carousel frauds
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.
Meaning
1 senses(countable, uncountable)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.
Forms
plural: carousel frauds| Singular | carousel fraud |
|---|---|
| Plural | carousel frauds |
regular
Synonyms
2 synonymsLessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable