isramart :Carbon traders call for EU response to VAT fraud

Isramart news:
* UK move won’t solve problem for EU carbon market-traders
* Fraudsters will move to another country
* EU may propose preventative measures later this year

LONDON, July 31 (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.