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definitions

carousel fraud

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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Nearby words

  1. carotin,
  2. carotodynia,
  3. carousal,
  4. carouse,
  5. carousel,
  6. carp,
  7. carp.,
  8. carpaccio,
  9. carpaccio, vittore,
  10. carpal
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