carousel fraud
British
noun
A fraudulent scheme to generate VAT rebates (or occasionally government grants) in which goods are imported and exported across a network of (dummy) companies.
Origin
1980s; earliest use found in The Financial Times.
- coppersmith
- coppersmith barbet
- copper sulfate
- copper sulphate
- coppery
- coppice
- coppice with standards
- Coppola, Francis Ford
- copra
- co-precipitate
- co-precipitation
- coprime
- copro-
- coprocessor
- co-produce
- co-producer
- co-production
- coprolalia
- coprolite
- prelature
- prelaunch
- pre-law
- prelect
- prelection
- prelector