ALL meanings of carousel fraud
car·ou·sel fraud
C c - noun carousel fraud the practice of importing goods from a country where they are not subject to VAT, selling them with VAT added, then deliberately not paying the VAT to the government 3
- noun carousel fraud 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. 0