Phrase guide

carousel fraud

noun · 1 senses · updated from the 2026-07-25 local source snapshot

Definitions and examples are grouped by meaning. Pronunciation, history, word forms, translations, descendants, synonyms, antonyms, derived terms, and related words appear whenever the source provides them.

Sound

Pronunciation

Each Play button uses your device's default local English voice, or a natural local fallback. The selected voice name appears after playback. This is synthesized speech, not a source recording.

No pronunciation record was provided for this word.

1

noun

Meaning 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.

Definition source: English Wiktionary via Wiktextract

Usage: countable, uncountable

Topics: business, economics, finance, government, sciences, taxation

No example sentence was provided for this meaning.

Meaning relationships

Synonyms: carousel trade, missing trader fraud

Antonyms: none provided

History

Etymology

No etymology was provided for this word.