According to Bloomberg New Energy Finance, tax fraud is the carbon trading market’s most egregious form of cheating , affecting about seven percent of 2009’s $125-billion market. In August of 2009, seven people were arrested near London for not paying tax on the sale of carbon permits, for a total of &ound;38 million (about $63 million U.S.). The taxes were levied as part of the European Union Greenhouse Gas Emission Trading System (EU ETS), created in January of 2005 and based on Directive 2003/87/EC, which was enforced beginning October 25, 2003. Carbon emissions trading, or cap-and-trade …
According to Bloomberg New Energy Finance, tax fraud is the carbon trading market’s most egregious form of cheating , affecting about seven percent of 2009’s $125-billion market. In August of 2009, seven people were arrested near London for not paying tax on the sale of carbon permits, for a total of &ound;38 million (about $63 million U.S.). The taxes were levied as part of the European Union Greenhouse Gas Emission Trading System (EU ETS), created in January of 2005 and based on Directive 2003/87/EC, which was enforced beginning October 25, 2003. Carbon emissions trading, or cap-and-trade …
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Emissions Related Tax Fraud Surrounds EU Carbon Program
by Jonathan Hiskes Courtesy Related Links: Understanding the allure of ‘drill baby drill’ Is Obama’s offshore drilling plan winning any GOP votes? 75 countries set carbon emission targets for 2020, says U.N.
by Jonathan Hiskes Courtesy Related Links: Understanding the allure of ‘drill baby drill’ Is Obama’s offshore drilling plan winning any GOP votes? 75 countries set carbon emission targets for 2020, says U.N.
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Scrounging for a green angle to the Large Hadron Collider experiment
