15.12.2009 - VAT fraud in carbon trading may cost over Eur5bln - Europol
From Irishtimes.com: The European Union has probably lost at least Ä5 billion to VAT fraud related to carbon trading and there is a risk that the criminals will now shift their attention to Europeís electricity and gas markets, according to Europol, the EUís law-enforcement operation. The news will further embarrass EU governments negotiating in Copenhagen and trying to persuade other countries to sign up to carbon trading as a way of reducing emissions.....................................Full Article: Source
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