Bavardage > UK Supreme Court rejects Citibank’s appeal in £10m EU ETS tax fraud case

UK Supreme Court rejects Citibank’s appeal in £10m EU ETS tax fraud case

Published 10:11 on February 20, 2018  /  Last updated at 10:14 on February 20, 2018  /  Bavardage, EMEA, EU ETS

The UK Supreme Court on Friday denied US investment bank Citibank’s request to challenge a lower appeal court’s ruling that British tax authorities were not required to prove the bank was dishonest amid their allegations that Citi knew, or should have known, that its EU carbon trading activities were linked to VAT fraud.
The UK Supreme Court on Friday denied US investment bank Citibank’s request to challenge a lower appeal court’s ruling that British tax authorities were not required to prove the bank was dishonest amid their allegations that Citi knew, or should have known, that its EU carbon trading activities were linked to VAT fraud.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.