One of the important lessons here is that the effective taxes are so large that there is a big incentive for people to cheat on following the rules.
The Herald Sun can reveal Australian Federal Police agents will have to prosecute a new range of climate offences. But they are yet to be offered extra resources, stretching the thin blue line to breaking point. “The Government is effectively saying to us, ‘Ignore other crime types’,” Australian Federal Police Association chief Jim Torr said. The group had been trying for months, without success, to discuss the issue with Climate Change Minister Penny Wong, he said. Interpol has warned the carbon market will be irresistible to criminal gangs because of the vast amounts of cash to be made. Possible rorts include under-reporting of carbon emissions by firms and bogus carbon offset schemes. “If someone is rorting it by even 1 per cent a year, we’re talking about many, many millions of dollars,” Mr Torr said… . .