10 ENGLISH BOOKS RELATING TO «CAROUSEL FRAUD»
Discover the use of
carousel fraud in the following bibliographical selection. Books relating to
carousel fraud and brief extracts from same to provide context of its use in English literature.
1
Stopping the
carousel: missing trader
fraud in the EU, ...
Missing Trader Intra-Community Fraud (also known as carousel fraud), where goods are repeatedly exported and imported with the EU, has caused a considerable loss of revenue In 2005/6 it is estimated the UK lost between £3-4.5 billion.
Great Britain: Parliament: House of Lords: European Union Committee, 2007
2
The EU VAT System and the Internal Market
424 The way in which carousel fraud (in its simplest form) operates is
summarised in Diagram 3.2. Diagram 3.2: Carousel vat Fraud Member State 1
Member State 2 A B (“Missing Trader”) C (“Broker”) A makes an intra-community
supply to B.
3
Fiscal Reforms in the Middle East: VAT in the Gulf ...
As for any type of tax fraud, a precise estimate of the revenue loss from carousel
fraud is very difficult to make. However, some of the published estimates may
give a good indication of its considerable magnitude: Germany estimated a €4.5
...
Ehtisham Ahmad, Abdulrazaq Al Faris, 2010
4
The Finance Bill 2006: 6th Report of Session 2005-06
If one goes back, perhaps, two or three years, the loss of tax from the carousel
fraud or MTIC fraud was estimated at nearly £3 billion. I think the 2003 powers
have gone some way in acting as a deterrent and producing a reduction. I
believe the ...
Great Britain: Parliament: House of Lords: Select Committee on Economic Affairs, 2006
5
The Fight Against
Fraud on the EU's Finances: 12th Report of ...
The main source of VAT fraud in the EU is carousel fraud, which is also referred
to as Missing Trader Intra-Community (MTIC) fraud (see Box 4). BOX 4 MTIC-
Carousel fraud in the EU Carousel fraud or MTIC fraud is a fraud perpetrated
against ...
Great Britain: Parliament: House of Lords: European Union Committee, 2013
6
Vat
Fraud and Evasion: What Do We Know, and What Can Be Done?
“Carousel fraud”—a special case of what is termed in the United Kingdom “
missing trader intra-community fraud” (MTIC)—exploits the zero-rating of exports
combined with the “deferred payment” mechanism for collecting VAT on imported
...
Stephen C. Smith, Michael Keen, 2007
7
Value-Added Taxes: Lessons Learned from Other Countries on ...
the. European. Union. Carousel fraud is mainly a compliance challenge in the
European Union, where trade borders between member countries no longer exist
. With no customs or border agency collecting value added tax (VAT) at the
border, ...
8
The Economic Security of Business Transactions: Management ...
This paper is organized as follows: Section 2 introduces a conceptual model of
VAT carousel fraud processes and compares two prevalent schemes. In Section
3 the analysis of the English type VAT carousel based on recent High Court ...
Professor Konrad Raczkowski , Professor Friedrich Schneider, 2013
9
Corruption and Tax Compliance
The existing legal and administrative barriers to unlawful VAT refunds have
caused the emergence of three varieties of the missing-trader fraud: 1. the
insolvent-trader fraud; 2. the international carousel fraud; and 3. the VAT account
drawdown ...
10
Value-added Tax
Fraud in the European Union
5 Carousel-fraud is a fraud scheme in which fictitious invoices and falsified
documents are used to create the illusion of the intra-Community transaction of
goods. Typical of this type of fraud is its repetitive nature (the goods go 'round'
and ...
A. A. Aronowitz, D. C. G. Laagland, G. Paulides, 1996
10 NEWS ITEMS WHICH INCLUDE THE TERM «CAROUSEL FRAUD»
Find out what the national and international press are talking about and how the term
carousel fraud is used in the context of the following news items.
A trio of liquidation decisions – overseas application of S.213, costs …
... related to a VAT carousel fraud. The targets of the action were a company domiciled and trading in Switzerland and a former director resident ... «Lexology, Jul 15»
EU carbon credit system still 'at risk of VAT fraud'
A carousel fraud involving the trade of emission credits in 2008 and 2009 amounted to a loss of €5 billion for national tax revenues. «EUobserver, Jul 15»
Father-of-three jailed for involvement in VAT carousel scam
... jailed for three and a half years, with the final year suspended, when he pleaded guilty to his involvement in a VAT carousel fraud case dating ... «The Argus, May 15»
Million Of Euros Recovered In Operation Against Excise Fraud
... out by the Public Prosecution Office in Rome and the Guardia di Finanza against an OCG involved in massive carousel fraud of excise duties. «Eurasia Review, Mar 15»
European police nab VAT fraud gang
The apprehended gang is suspected of so-called "carousel fraud," also called missing trader or VAT fraud, which cost states hundreds of ... «Yahoo News UK, Mar 15»
Mobile phone trader disqualified until 2027 after VAT fraud
... after being found guilty of making wrongful VAT reclaims – known as MTIC or "carousel fraud" – against HMRC totalling more than £800,000. «CRN - UK, Jan 15»
BAE turns its fire on tax evasion
Technology can be particularly effective at using patterns of payments to spot carousel fraud and other organised schemes. “Digital defence is ... «Financial Times, Dec 14»
Operation Cocktail puts brakes on liquor carousel fraud
Carousel fraud involves multiple businesses providing false documentation and shipping real or imaginary goods or commodities and services ... «Prague Post, Nov 14»
Slovakia, Czech Republic jointly fight against carousel VAT fraud
Babis noted that the carousel fraud cost the Czech Republic 3.5 billion euros (4.36 billion U.S. dollars) annually. Typically, carousel fraud ... «GlobalPost, Nov 14»
Germany issues warrants for two in $171 mln CO2 trading fraud probe
The fraud, often called missing trader or carousel fraud, involves a buyer importing goods free of value-added tax (VAT) into one EU member ... «Reuters, Sep 14»
