• The carbon tax

  • Oct 5 2024
  • Length: 4 mins
  • Podcast

The carbon tax

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  • Summary

  • Recently brought back to light with a documentary series on Netflix, the value added tax fraud on carbon quotas, is a huge scam that was in the news in the first decade of the 2000s in France. Some even consider this case the scam of the young century. The idea was born in 2005, when EU policies on environmental conservation put in place a tax on carbon emissions from large companies. Through a cap and trade system, all european companies have a sort of pollution quota beyond which they must pay if they want to continue to emit. To do so, the company would buy a share of the quota not exploited by another company. But the swindlers detect a flaw in the system: the value added tax...


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