contra-trading

English

noun
Definitions
  • A form of carousel fraud that evades detection by using two "carousels" of traded goods, where one carousel is legitimate and the other is not, and thus the input and output VATs neutralize each other to conceal the fraud.

Etymology

Prefix from English trading.

Origin

English

trading

Gloss

Timeline

Distribution of cognates by language

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Cognates and derived terms