| From Reuters: The British government on Wednesday said it will make carbon emissions credits exempt from value-added tax (VAT) from Thursday in response to fraudulent trading on a French emissions exchange.
"The new law, which takes effect from midnight tonight, follows evidence that commodity trading in emissions allowances is being used by fraudsters to steal VAT revenues from the UK, and that the UK may become a major target for this activity in the coming months," the UK Treasury said in a statement.........Full Article: Source
|