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Meaning of carousel fraud | Babel Free

Noun CEFR B2

Definitions

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.

countable, uncountable

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

carousel trade carousel voting Carouser Carouses Carousing caroverine

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