This article describes how easy carbon trading has made it for the tax cheats.
Read: Fraudulent Emissions-Trading Schemes Rob German Tax Authorities from Spiegel.
Almost everyone involved in the trading of emissions certificates “has been approached by dubious businesspeople in recent months,” says a certificate broker in London. In most cases, they are trying to quickly buy or sell very large numbers of emissions certificates. “They are frequently former mobile phone or computer dealers who have discovered a new business segment for their tax fraud activities,” the broker adds.
The scam is based on the same model investigators have seen used for years in the cross-border trade in conventional goods. The German treasury alone loses several billion euros a year to these so-called sales tax carousels.
Certificates have made things much easier. For fraudulent dealers, they mean no longer having to cart around boxes of goods. “The fraud works with the click of a mouse,” says one emissions trader from a German bank.
It goes into more detail about how this scam works, but essentially it’s all about tax evasion. To me, this is all just par for the course for the whole global warming swindle. Even the legal, tax-paying traders — often the biggest promoters of global climate change legislation — stand to make a lot of money. And therein lies the problem: Let’s take a look at the financial statements of some of the loudest AGW hawkers. I’ll bet you’ll find the true “cause” that interests them is less environmental and more financial: padding their bank accounts and stock portfolios.
UPDATE (Related): Read — The $6 Million Mann: How one scientist got rich from the global warming scam
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If you think the cap and trade taxing regimes through, it becomes obvious this is a tool that can be abused (If it can it will be) by large multinationals who can pay the tax to see their smaller domestic competators made uncompetitive or forced to amalgamate or sell (to them) because of increased operating costs (CO2 rationing tax is an operating cost).
This system favors the big players and threatens the smaller ones – those who can afford the tax will survive, No wonder the world’s largest transnationals are pimping AGW and the carbon tax – it will eliminate their competition.
Follow the money trail, it will always lead you to a monopolist. This is the convergence point between corporatism and communism – monopoly – monopoly on power and wealth engines. on this agenda both Lenin and Rockefeller agree ; “competition is a sin”.
Very good, Bill. I am still hopeful that if the pressure of Climategate continues and grows, perhaps some of those schemers will lose lots of money as carbon trading is devalued. Perhaps I’m being naive, but that’s what I’m hoping for — I really want to see those companies (and the Al Gore types) who’ve “pimped AGW” (as you put it) suffer financially.
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