Germany is looking to recover millions of euros in previously evaded taxes, as charges are filed against directors of companies accused of carrying out carbon credit tax fraud. Germany’s investigations into carbon dioxide tax credit fraud are coming to fruition, with prosecutors filing charges against six individuals accused of being responsible for over EUR 230 million in evaded taxes. The legal actions were announced in a statement on March 30th by Guenter Wittig, prosecutor for the Office of the Attorney General of ... Read More

The head of a major international oil company has come forward to recommend that the US should heavily increase taxes on gasoline and carbon emissions, while expanding the country’s oil extraction capacity. On March 8th John B. Hess, chief executive of the international oil company the Hess Corporation, spoke at the CERAWeek 2011 conference, saying that the US should consider instating a new carbon tax system, raising fuel tax by more than 500 percent, maintaining current oil drilling tax subsides, and mandating efficiency ... Read More

Germany has lost hundreds of millions of Euros in tax revenues to frauds involving carbon emissions trading. On March 7th Alexander Badle senior prosecutor for the Office of the Attorney General of Germany issued a statement, saying that tax fraud on carbon dioxide emission trading has cost the government an estimated total of EUR 850 million in lost revenues. The figure emerged throughout the course of the ongoing investigations into frauds allegedly committed by 120 companies operating in Germany and registered across Europe ... Read More

A European Commission (EC) debate on a proposed European Union-wide Carbon Tax has proven fruitless, with the Commission opting to delay a decision into the future. On June 23rd the European Commission held an initial debate on a Carbon Tax proposal brought forward by Algirdas Semeta, EC Commissioner on Taxation. The debate resulted in the EC only resolving to engage in an impact assessment of an EU-wide Carbon Tax system, with no headway made towards dismissing the tax or initiating a legislative approval ... Read More

Algirdas Semeta, Taxation Commissioner of the EU, has stated that he wishes to see a carbon tax instated across the entirety of the European Union, and will lead a review to make it happen. The widely debated topic of Carbon Taxation has once again been brought up with the revelation that the European Commission (EC) will soon lead an inquiry about a possible EU-wide implementation of such a measure. In a statement made by Emer Traynor, spokeswoman for Algirdas Semeta, revision of the ... Read More