Replies to post #21940 on Sustainable Green Team Ltd. (SGTM)

[bikeguy]

This one seems to be a good source: BUT this is about tax fraud, not project fraud. So unless SGCP intends to commit a fraud using the CC project, or Green Giant, then this article has little or nothing to do with, or should not affect our project It also comes across through this article that they are taking preventative measures to take care of the problems associated with the VAT and how taxes are paid cross borders with buyers and sellers from different countries

Here is the link: http://www.reuters.com/article/idUSTRE56U2UT20090731

Traders call for EU response to carbon tax fraud
Michael Szabo
LONDON
Fri Jul 31, 2009 8:46am EDTRelated NewsEU carbon prices up amid thin trade
Fri, Jul 31 2009
UK says responds to French carbon trade tax fraud
Thu, Jul 30 2009
Netherlands acts on tax fraud in carbon market
Wed, Jul 15 2009
Dutch carbon exchange Climex sees June volume jump
Fri, Jul 3 2009LONDON (Reuters) - Britain's exemption of carbon emissions credits from value-added tax (VAT) is just a temporary fix for a tax fraud that will just resurface in other European Union countries, traders said, calling for an EU-wide response.

France

On Thursday, the UK Treasury said it was acting to prevent the risk of carousel tax fraud, alleged to have occurred on a French emissions exchange earlier this year. These allegations prompted the French government in June to make carbon credits VAT-free.

"While these moves will serve to flush out any criminal element that may have been operational in those countries, they do nothing to solve the problem for the EU carbon market as a whole," said James Emanuel, commercial director at brokers CantorCO2e.

"Any fraudsters will now simply set up camp in another EU jurisdiction."

Through carousel fraud, also called missing trader fraud, fraudsters import goods VAT-free from other countries, then sell the goods to domestic buyers, charging them VAT. The sellers then disappear without paying the tax to the government.

The European Commission said on Friday it had been informed by EU member states that there was a strong suspicion of carousel fraud in carbon credit trading.

"The Commission intends later this year to propose the application of reversed charge to the supply of certain goods or services on an experimental basis," a Commission spokeswoman told Reuters.

"This could be an opportunity to include carbon emission certificates in the list of services (if proved necessary)."

Earlier this month, the Netherlands applied a reversed charge approach to its carbon credit trading, meaning the buyer, not the seller, is liable to pay the VAT.

Other governments including Spain are reportedly looking into their own preventative measures.

Although the UK said it is engaged in discussions with the European Commission on establishing an EU-wide solution, tax experts said the unilateral moves by member states could be illegal under EU tax laws.

"We've applied to the EU for a derogation ... Though (our VAT exemption) may be outside of EU regulation, I think the Commission will understand," said a UK Treasury spokesman.

"The VAT revenue on this is marginal but the potential for fraud and the risk to the exchequer and the taxpayer is huge. We needed to act now."

Asked whether it would take legal action against Britain, France and the Netherlands, the Commission said it was examining the measures taken and that it was too early to say. (Editing by Sue Thomas)

[eyeamgame]

Anyone that trusts you or follows your links will be deceived.

Personally, I wouldn't even open one of your links based on my assessment of your credibility.

My own dd has shown me there are those opposed to the Carbon Trading System.

There is some controversy there.

My DD has also showed me some of the huge positive aspects of carbon trading industry and the incentives and oppotunities it offers to developing nations.

Carbon trading is a rapidly growing process and could soon become the most valuable commodity on the Planet.

It can exceed Petroleum as a commodity based on articles I have read and be worth trillions of dollars.

Simply focusing on the negative feedback to instill fear and panic is very self centered and clearly is designed to support your own bias.

To infer longs are pumpers and just making things up further detracts from any credibility you hope to achieve.

We all know the risk to our investment and don't need your completely biased and unbalanced interpretations.

Whether you like them or not, carbon credit trading is a growing phenominum not likely to end anytime soon or distant.

If no official agreement is struck in Copenhagen practices such as carbon trading will continue to grow rapidly.

Even an official agreement at COP 15 may accelerate the trading of carbon credits.

I am certainly glad I don't have to depend on you for an honest assessment of that industry.

Carbon Credits remain a huge asset for this company and have the potential to reap huge rewards for this company.

Our CC Projects will not only help SGCP but will be extremely enviromentally friendly, produce employment and not only remove carbon dioxide from the atmosphere it will actually generate oxygen.

The kiri tree is miles ahead of any other tree in the fight to remove carbon dioxide and generate oxygen.

The importance of our CC Projects has been understated not overstated IMHO.

eye

eye

[woody85]

Yeah lets focus on the mining... Well i think we can all agree they have HIGH potential propertys... But wait theres only one problem NO FUNDING!!!!!!!!!!!!
Thats like having a gun with no bullits

The CC's are very important to this company's survival!!!!!!!!
Without them they would dilute more or have to borrow money!!! IMO


Dont WORRY about the CC projects they WILL BE FUNDED!!!... as someone said on this board before ITS ONLY BEEN 3 MONTHS..... Whats going on in Copenhagen wont change much, if anything it will probabley help

Investing takes months and years not days and weeks