Political corruption |
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Forms and concepts |
Anti-corruption |
Corruption by country |
Caixa 2 ( Brazilian Portuguese: caixa dois [ˈka(j).ʃɐ ˈdojs], "cash box 2") is a term used in Brazil to refer to illegal bookkeeping practices that hide financial transactions from authorities. [1] [2]
Caixa dois methods include failing to issue invoices, or invoicing for a lower amount than the transaction that actually occurred. By declaring less revenue to a tax authority, less tax is due. The difference between the income actually received and the amount on which tax is paid, is termed "cashbox two".
Caixa dois practices may also be used by larger businesses or public entities to disguise the source of or the use of funds. [3] For example, a slush fund may be used to hide payments for illegal services such as bribes to win contracts or access to privileged information to which the payee is not entitled. [3] [4]
In Brazil caixa dois crimes that involve money laundering [1] [5] or organized crime [1] are liable to trial at the Supreme Federal Court, the country's highest court of law.
In Portugal saco azul [6] is a term used to refer to the same concept as caixa dois.
Political corruption |
---|
Forms and concepts |
Anti-corruption |
Corruption by country |
Caixa 2 ( Brazilian Portuguese: caixa dois [ˈka(j).ʃɐ ˈdojs], "cash box 2") is a term used in Brazil to refer to illegal bookkeeping practices that hide financial transactions from authorities. [1] [2]
Caixa dois methods include failing to issue invoices, or invoicing for a lower amount than the transaction that actually occurred. By declaring less revenue to a tax authority, less tax is due. The difference between the income actually received and the amount on which tax is paid, is termed "cashbox two".
Caixa dois practices may also be used by larger businesses or public entities to disguise the source of or the use of funds. [3] For example, a slush fund may be used to hide payments for illegal services such as bribes to win contracts or access to privileged information to which the payee is not entitled. [3] [4]
In Brazil caixa dois crimes that involve money laundering [1] [5] or organized crime [1] are liable to trial at the Supreme Federal Court, the country's highest court of law.
In Portugal saco azul [6] is a term used to refer to the same concept as caixa dois.