Caixa 2 (Brazilian Portuguese: caixa dois[ˈka(j).ʃɐˈdojs], "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]
^Procuradoria da República no Ceará. "Crimes contra o sistema financeiro" [Crimes against the financial system]. Ministerio Publico Federal (in Portuguese). Procuradoria da República no Estado do Ceará. Archived from the original on 2018-10-19. Retrieved November 26, 2019.
^Rocha, Maria Regina (24 January 2003). "Saco azul (I)" [Blue bag]. Ciberdúvidas da Língua Portuguesa (in Portuguese). Retrieved November 26, 2019.