''Caixa 2'' ( pt-BR, caixa dois ) is a term used in Brazil to refer to illegal bookkeeping practices that hide financial transactions from authorities.
Tax evasion
''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".
Hiding illegal or unpopular transactions
''Caixa dois'' practices may also be used by larger businesses or public entities to disguise the source of or the use of funds.
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.
Legal aspects
In Brazil ''caixa dois'' crimes that involve
money laundering or
organized crime
Organized crime (or organised crime) is a category of transnational, national, or local groupings of highly centralized enterprises run by criminals to engage in illegal activity, most commonly for profit. While organized crime is generally th ...
are liable to trial at the
Supreme Federal Court, the county's highest court instance.
''Saco azul''
In Portugal pt, saco azul, label=none
is a term used to refer to the same concept as ''caixa dois''.
See also
*
Operation Car Wash
Operation Car Wash ( pt, Operação Lava Jato) was a criminal investigation by the Federal Police of Brazil's Curitiba branch. It began in March 2014 and was initially headed by investigative judge in France, but unlike judges in the common law ...
References
External links
Legislação brasileira traduzida para o Inglêsofficial English translations of the Constitution, and dozens of other Brazilian laws
Politics of Brazil
Political corruption
pt:Caixa dois
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