Missing trader fraud (also called missing trader intra-community fraud or MTIC fraud) involves the theft of Value Added Tax (VAT) from a government by fraudsters who exploit VAT rules, most commonly the European Union VAT rules which provide that the movement of goods between member states is VAT-free. There are different variations of the fraud but they generally involve a trader charging VAT on the sale of goods and absconding with the VAT (instead of paying the VAT to the government's taxation authority). The term "missing trader" is used because the fraudster has gone missing with the VAT.
A common form of missing trader fraud is carousel fraud. In carousel fraud, VAT and goods are passed around between companies and jurisdictions, similar to how a carousel revolves.
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evasion methods such as sales suppression in domestic trade and missingtraderfraud, transfer pricing in cross-border trade. As such, the implementation...
specifically missingtraderfraud, costing governments more than 5 billion euros. German prosecutors confirmed in March 2011 that value-added-tax fraud in the...
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Coscia, a groundbreaking commodities fraud case. This was the first criminal conviction of a high frequency trader. Mariotti explained financial "spoofing"...
billion range) as Madoff did not lose most of this money in trading. Rogue trader Financial risk management § Investment management Derivative (finance) Silver...
1990s, but an ex-trader admitted in court to faking records for Madoff since the early 1970s. Those charged with recovering the missing money believe that...
This is a list of episodes for Traders, a Canadian television drama series, which was broadcast on Global Television Network from 1996 to 2000. The show...
to cover up fraud at Harvard, documents show | Reuters". Reuters. 9 January 2014. Goldstein, Matthew (March 5, 2014). "Convicted SAC Trader Loses His Business...
Hubler III, known as Howie Hubler, is an American former Morgan Stanley bond trader who is best known for his role in the fifth largest trading loss in history...
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stable owner, horse trainer, and horse trader who was heavily involved in criminal activity, including fraud, intimidation, arson, and murder. He covered...
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