Business to continue carbon tax fight
, On Wednesday 12 October 2011, 14:53 EST
Business lobby groups have vowed to keep fighting the carbon tax after its passage in the House of Representatives this morning, saying the legislation will create more uncertainty and hit profits.The chief lobby group for Australian business, the Australian Chamber of Commerce and Industry (ACCI), is most concerned about the potential hit to company bottom lines.
Research released by the ACCI suggests the tax will cost trade-exposed small to medium Australian businesses between 10 and 20 per cent of their profits.
"There won't be any certainty created by the carbon tax because you only have certainty in business if you have a competitive business environment," Mr Anderson said.
"And until there is a binding international agreement there will be no certainty for Australian businesses, because our competitors are not imposing similar costs on them." Australia's contribution to climate change is not significant enough to warrant imposing a new tax on business, Mr Anderson argues.
"It will have no impact at all on global climate," he said.
"And that's because major emitting nations are not part of a binding global agreement." Mr Anderson believes the business community may only rise up against the carbon tax after its financial impact is felt.
"It will use every forum available in the community to explain why Australia is making a significant mistake in moving ahead of our competing nations by introducing an economy-wide carbon tax, which will cost jobs and essentially do nothing to improve the global environment," he said.
Unless the Greens choose not to back the carbon tax in the Senate, it appears set to be an ongoing cost to business.    And Anthony Hobley, head of climate change for law firm Norton Rose, says it would be very difficult to repeal the law.
"It would actually have to go through the Senate, which is controlled by the Greens ...
We don't think that will happen while they have control of the Senate for the next five-plus years," Mr Hobley said.
Whatever avenue businesses opposed to the tax may choose, the road ahead remains long.
100 comments
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0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentRebekah Report AbuseCarbon tax is as good as chopper reeds new painting
Reply - 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentChristopher Report Abuse
The government that have got nothing right want us to trust their figures that we will be better off.
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Lets add it up. The government take from the big polluters for pumping carbon dioxide which is not a pollutant into the air (I think i smell a court case right there).
Those cost are passed onto us and with the money taken the government is going to use some for themselves, some (and that might be spelt sum it's that large) for the new level of bureaucracy and still be able to give you all you have lost.
Do the test kids, go ask dad for $1 and keep some yourself, give some to a friend then try to give daddy his $1 back.
The thing this government will always be remembered for is that they never thought it through. - 1 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentBelinda Report Abuse
This tax cannot be repealed. The Australian ran a story "Labor plants poison pills in carbon tax". Well worth doing the search and reading what it has to say. Not only is this tax being rammed thru without a mandate, we are going to be stuck with it forever more.
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If Tony tries to get around the first poison pill (the fact that carbon emmision rights are treated as personal property, therefore for a government to repeal the legislation, they would have to pay compensation to the 500 companies forced to purchase this "property") by rejecting the Climate Change Authority's emissions reductions recommendations, permitted emissions can be cut by up to 10% in one year unless the govt can secure a majority vote for a new target. Bye-bye business!
Should we be doing something to ensure positive environmental outcomes for our country and planet? Absolutely.
Is a tax the answer? Possibly, but probably not.
Is this particular tax model going to benefit our environment or our economy? Absolutely not. - 1 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentScott Scott Report Abuse
DICTATOR JULIAR GILLARD MUST GO, ALL BROWN GREEN CLOWNS MUST GO, MAYBE WE SHOULD EMPLOYE THE TALIBAN TO FIX CANBERRA. Gillard is robbing every Australian of our future, our kids future in OZ, OZ future is very grim with coal gas seam mining, so called carbon tax, watch the crime rate rise along with everything else. ( good bye good old days of OZ) RIP OZ, THE FUTURE - OZ once had clean drinking water until gas mining, everyone had jobs, homes etc. OZ has dark days ahead for our kids future. OZ will become a waste land for the rest of the world. we will work to give other countries our money. OZ could be easly over run by China, Japan, Korea.
Reply - 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentJohn Smith Report Abuse
Increase the GST to 15% and bring back Work Choices. Beat Abbott to the punch and steal his only two policies would have been comedy gold.
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Carbon Tax so meh. - 1 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentScott Scott Report Abuse
Shut up shop, hide your money, get on a Pension, put your name down for public housing (20yr waiting list) then live the good life, no work, no big petrol bills, no tax, free dental, medical, help with rent. i have public housing after a 12yr wait, im now on a Pension $400wk for doing nothing, i worked 40hr a week for $550 after tax, then my $100 petrol bill each week + rent $200. ive got more money each week now that im not working and not paying big tax. quite work and live life stress free - center-link - public housing, plan for the future at least. boat people get all this without having to wait, what about you? 20yr waiting list - housing.
Reply - 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentScott Scott Report Abuse
The so called carbon tax is to pay center-link Pensions+ to all male boat thugs. 100s of boats full of people are now heading to Center-Link wharf at X-mas island to collect their share of OZ taxpayer money thanks to Dictator Hitler Gillard.
Replies (1) - 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentJohn Smith Report Abuse
Higher chance now of becoming another dead weight loss upon the economy and unemployed indefinitely as a result of this great big new tax.
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In economics there is no such thing as a zero sum situation. - 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentJohn Smith Report Abuse
$510 rebates and $500 increased in costs. $10 better off per year. What is the point of the tax?
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$500 tax cut for everyone per year is not much at all. Only $10 per week. - 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentJohn Smith Report Abuse
Repeal the tax but keep the concessions to low and middle income families and pensioners.
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