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Spanish to English translations [PRO] Bus/Financial - Finance (general) / Missing trader fraud
Spanish term or phrase:al proveedor
I think my brain's stopped working because try as I might, I just don't understand a phrase. Three Spanish people have tried to explain the meaning but I'm none the wiser :-(
Missing trader fraud (also called missing trader intra-community, MTIC, or carousel fraud) is the theft of Value Added Tax (VAT) from a government by organised crime gangs who exploit the way VAT is treated within multi-jurisdictional trading where the movement of goods between jurisdictions is VAT-free.