carousel fraud

noun

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.

Similar
carousel trademissing trader fraud
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Meanings

nouncarousel fraud (countable and uncountable, plural carousel frauds)

plural carousel frauds

  1. countableuncountablebusinessThe 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.

    Synonyms: carousel trade, missing trader fraud

Synonyms & antonyms

nounThe 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.

Similar
carousel trademissing trader fraud
Also see
carousel trademissing trader fraud
Cite this entry
APA

carousel fraud. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/carousel%20fraud

MLA

“carousel fraud.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/carousel%20fraud. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “carousel fraud,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/carousel%20fraud.

Source: carousel fraud on Wiktionary, CC BY-SA 4.0.