Wednesday, December 02, 2009

Like Hitting a 15kV Line with a Shovel


Denmark is the centre of a comprehensive tax scam involving CO2 quotas, in which the cheats exploit a so-called ‘VAT carrousel’, reports Ekstra Bladet newspaper.

Police and authorities in several European countries are investigating scams worth billions of kroner, which all originate in the Danish quota register. The CO2 quotas are traded in other EU countries.

Why, it's almost as if fraud, graft, and corruption were the driving forces in getting bullshit scams like this enacted in the first place.