carousel frauds

A form of 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.

Ask AI about this wordChatGPTClaudePerplexityGoogle AIGrok

Meanings

noun
  1. pluralplural of carousel fraud
Cite this entry
APA

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

MLA

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

Chicago

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

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