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Carbon VAT fraud concerns spread

Concerns of VAT 'carousel' fraud in France's carbon market have spread to the Netherlands and UK.

VAT carousel fraud occurs when goods are imported VAT-free and then sold on to domestic buyers at a price that includes VAT. The perpetrators then disappear without paying the tax to the government.

A spike in volumes on France's BlueNext exchange led to rumours of carousel fraud, and trading was

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