Decarbonizing Down Under


By Global Tax Weekly

Congratulations, I think, to Tony Abbott’s new Australian Goverment which has gone ahead with publishing its bills to abolish the country’s carbon tax, which was introduced only last year by the outgoing left-wing administration, and not because I am in favor of global warming, although it will improve the climate in Northen Europe, but because taxing large polluters is not an effective way of tackling the problem, as the European Union is finding out with its Emissions Trading Scheme, which is on life support and will likely collapse altogether. Like “ticket” taxes, most carbon taxes are convenient ways for governments to extract money from large companies under the hypocritical pretence of doing good. In Australia’s case, the money was used as a pre-electoral bribe (it didn’t work). So how should we control emissions? It doesn’t seem to be a very hard problem: most countries have introduced or gone along with requirements to reduce particulate and greenhouse gas emissions in vehicle exhausts. No taxes are required for that, or similar schemes which have been or could be introduced for aircraft, power station and chemical plant emissions. If you break the law you go to prison!





Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>



RELATED ARTICLES AND INFORMATION

Australia Announces Budget Measures

The Australian Government announced in its Budget that it would be bringing forward personal tax cuts that had been scheduled for 2022.

The Australian authorities...

UK Clarifies VAT Rules

In the UK, while things are gearing up to get more complicated on pretty much all fronts, the tax authority sought to provide clarity...

Australia Focussing On COVID-19 Compliance

In Australia, the ATO is highlighting non-compliance by some businesses with the rules regarding eligibility for providing JobKeeper payments.

The JobKeeper Payment scheme is a...