carousel fraud

Noun

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.

Japanese Meaning

多国間取引における付加価値税（VAT）の非課税制度を悪用し、政府からVATを不正に獲得する詐欺行為 / 国境をまたぐ商品移動時のVAT免除ルールを利用して、税額を不当に獲得するカルーセル詐欺（VAT詐欺）の一形態

What is this buttons?

Authorities uncovered a complex carousel fraud involving multiple shell companies across borders to reclaim VAT illegally.

Google Translation / DeepL Translation

当局は、越境取引の非課税扱いを悪用し、複数のダミー会社を使って政府から付加価値税を不正に奪い取る複雑な詐欺を明らかにした。

Details

Sense（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.

carousel frauds

（ plural ）

Details

carousel fraud

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