Blogs

Carbon credit project 'illegal' say landowners

Map showing the location of the Kamlapar Carbon Credit Project

Landowners in New Ireland claim a US based company is illegally selling carbon credits on the international market that it has obtained by fraud. The landowners have written to the government and the international company that is verifying the carbon credits to try and stop the sale.

IRC adds more financial crimes to logging companies’ charge sheet

Papua New Guinea’s Internal Revenue Commission says the logging industry is “one of the most delinquent sectors insofar as tax compliance is concerned“.

The logging companies are guilty of “egregious” transfer pricing, “entrenched” tax evasion and “deceptive behaviour” says the IRC (see the full IRC statements below).