carousel fraud

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noun

the practice of importing goods from a country where they are not subject to VAT, selling them with VAT added, then deliberately not paying the VAT to the government

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Words nearby carousel fraud

carotid sinus, carotin, carousal, carouse, carousel, carousel fraud, carp, carpaccio, carpal, carpale, carpal tunnel syndrome

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

How to use carousel fraud in a sentence

Real Housewives of New Jersey star Teresa Giudice turned herself in to serve a 15-month sentence for bankruptcy fraud.
How a ‘Real Housewife’ Survives Prison: ‘I Don’t See [Teresa Giudice] Having a Cakewalk Here’|Michael Howard|January 6, 2015|DAILY BEAST
Moraca pointed to another form of return fraud, involving gift cards.
The Insane $11 Billion Scam at Retailers’ Return Desks|M.L. Nestel|December 19, 2014|DAILY BEAST
Return fraud has been called the invisible heist—or “de-shopping.”
The Insane $11 Billion Scam at Retailers’ Return Desks|M.L. Nestel|December 19, 2014|DAILY BEAST
Mahoney helped author the I-STOP legislation based on data his office collected in regard to fraud.
No More Paper Prescriptions: Docs Fight Fraud by Going Electronic|Dale Eisinger|December 18, 2014|DAILY BEAST

We are overwhelmed with data from every quarter, and our capacity to filter fact from fraud is limited.
The Facts About Ferguson Matter, Dammit|Doug McIntyre|December 3, 2014|DAILY BEAST
If the auctioneer could afterward do this he might change the name, substitute another, and so perpetrate a fraud.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
Suppose a bank should pay more than the amount on deposit through no fraud of the holder, from whom can it recover the amount?
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
Whenever the fraud is found out an innocent subscriber can do one of three things.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
Of course if a person has been deceived by an agent, if a fraud has been practised on him, he can avoid his contract.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
If he wishes to act, he must lose no time after discovering the fraud that has been practiced on him.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles