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Carousel fraud Uncommon

Definition, synonyms and related words

Definitions
Noun
1

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.

Related Terms
Rhyming Words
aud baud yaud vaud saud maud laud gaud daud plaud chaud fraud claud maraud arnaud renaud giraud belaud artaud feraud
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