Carbon Offsets Daily

Daily carbon offset news, insight, community.

  • Author:
  • Published: Jul 17th, 2010
  • Category: USA
  • Comments: 2

Research desk responds: What could we swap a VAT or carbon tax with?

| Sourced From Voices.washingtonpost |

(at the federal level) trade a VAT and a carbon tax for the payroll tax and the income tax: revenue picture looks like what?

Nothing good. Eric Toder and Joseph Rosenberg at the Tax Policy Center estimate (pdf) that a 5 percent value-added tax (VAT) would bring in $258.6 billion a year in tax revenue if applied to a broad base of goods and $160.9 billion if applied to a narrower base (excluding housing and food costs, for example) or applied to a broad base with a rebate to pay for necessities. Meanwhile, Gilbert Metcalf at the Brookings Institute figures (pdf) that a $15 per ton carbon tax, assuming a 14 percent reduction in greenhouse gas emissions, would bring in about $82.5 billion a year, with greater revenue if the emissions reductions are more modest. That adds up to a high end figure of $341.1 billion, a far cry from the more than $1.7 trillion (pdf) that personal income, Social Security and Medicare taxes brought in during fiscal year 2009.

Read the rest of this entry »

Tags: , ,

  • Author:
  • Published: May 29th, 2010
  • Category: Europe
  • Comments: 4

Investigations ongoing after carbon credits raid

| Sourced From EDIE |

Officers and HM Revenue and Customs staff, who arrested four people last week, over the alleged fraud involving the trading of emissions allowances, also called carbon credits.

Read the rest of this entry »

Tags: , ,

  • Author:
  • Published: May 8th, 2010
  • Category: Europe
  • Comments: 4

EU carbon fraud investigation turns spotlight on Denmark

Fresh details have emerged about the wide-ranging carbon fraud investigation that resulted in raids across Europe last week, after British officials confirmed that 22 people have now been arrested in connection with the investigation.

Continue Reading at BusinessGreen

Tags: , ,

  • Author:
  • Published: May 1st, 2010
  • Category: Europe
  • Comments: 4

FACTBOX-How carbon trading tax fraud works

April 28 (Reuters) – German prosecutors said on Wednesday they had searched more than 230 sites in a probe based on suspicions of tax evasion in the trading of EU carbon emissions permits.

Continue Reading at IN.Reuters

Tags: , ,

  • Author:
  • Published: Apr 11th, 2010
  • Category: USA
  • Comments: 2

Former Fed Mob Boss Calls for VAT and Carbon Taxes

One thing is certain. If Obama and his

Tags: , ,

  • Author:
  • Published: Dec 25th, 2009
  • Category: UK
  • Comments: 4

VAT fraud in carbon trading may cost over

THE EUROPEAN Union has probably lost at least

Tags: , ,

  • Author:
  • Published: Oct 6th, 2009
  • Category: Europe
  • Comments: 1

EU introduce reverse VAT for carbon trading

| Sourced From Accountancyage.com |

The European Commission has approved a reverse payment scheme for VAT charges on carbon trading to reduce the risk of fraud.

Read the rest of this entry »

Tags: , , ,

UPDATE 1-Probe under way in alleged French CO2 VAT fraud

* Noone under official investigation yet-prosecutor’s office

* BlueNext unaware of an investigation related to exchange

* BlueNext reiterates no evidence of fraud on exchange

(Adds BlueNext reaction, background)

PARIS/LONDON, June 11 (Reuters) – The Paris prosecutor’s office confirmed on Thursday a probe was under way into a suspected multi-million euros value-added tax (VAT) fraud in the French carbon emissions market.

Continue Reading on Reuters

Tags: , ,

© 2009 Carbon Offsets Daily. All Rights Reserved.

This blog is powered by Wordpress.