Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Environmentalist Thread -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (31328)	12/17/2010 1:28:09 PM
From: average joe	Read Replies (1) \| Respond to of 36918

Italian Financial Police Investigate Suspected Tax Fraud in Carbon Market By Alessandra Migliaccio - Dec 17, 2010 3:44 AM CT Italy’s financial police are investigating companies in nine of the country’s 20 regions for suspected tax fraud related to fake sales of carbon credits. Sham transactions may reach “several hundred million euros,” the financial police said today in an e-mailed statement. Possible charges include fraud, emission of fake receipts and money laundering, the statement said. The European Union has been clamping down on value-added tax fraud in carbon markets after reports that sellers of carbon-dioxide permits pocketed VAT collected from buyers and disappeared before submitting the money to the treasury. To contact the reporters on this story: Alessandra Migliaccio in Rome at amigliaccio@bloomberg.net; Andrew Davis in Rome at abdavis@bloomberg.net To contact the editor responsible for this story: Will Kennedy at wkennedy@bloomberg.net. bloomberg.com