The carbon tax Recently brought back to light with a documentary series on Netflix, the VAT fraud on carbon quotas, is a huge scam that was in the news in the late 2000s in France. This case is even considered as the scam of the century. The idea was born in 2005, when the European policies in terms of environmental conservation put in place a tax on carbon emissions of large companies. Thus, each company has a sort of pollution quota beyond which it must pay to continue its activity and its emissions. To do so, the company will buy a share of the quota not exploited by a third company. But the swindlers have detected a flaw in the system: the VAT.
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