Fraud, Waste and Abuse Found in Danish CO2 Trading

That is a nice headline that people can take into the Copenhagen Climate Talks.

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.

I think you can change the word Denmark for the US if cap and tax should happen to be passed by some miracle.