Czech Police Uncovers a $20 Million Carbon Credit Fraud, a Day Later, it Also Foils a $100 Million Solar Fraud
Friday, 26 October 2012 07:40
Posted by David Icke
'The "trick" wasn't too difficult. They bought and sent some carbon indulgences. Officially, they pretended that both transactions occurred within Czechia. As payers of the 20% or so value-added-tax (VAT), they would buy the carbon permits for an increased price with the VAT tax included, i.e. 120% of the "tax-free price", and they would sell it for a price including VAT, too. They would pay the 20% VAT as the difference between the 20% VAT they received for the sale and the 20% VAT they had to pay during the purchase.'
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