Carbon tax continues to inflame Australians
20 January 2012
Matthew Gilleard - ITR
State treasuries in Australia have claimed that the nation’s planned carbon tax will have disastrous effects on state finances, by increasing costs and reducing the profits of government-owned electricity utilities that pay dividends to the state.
Labor-held Queensland is among the states to have issued such warnings, joining the more conservative states in emphasising the likely financial impacts on state coffers. In its mid-year budget update, Queensland noted that it expects to take in A$883 million ($920 million) less from its government-owned corporations up to 2014-15 compared with expectation estimates made in its last budget. This is largely based on the carbon...
This article is available to subscribers of ITR Premium only. Please login to read the rest of this article.
If you would like to gain access to related content from our other products, please upgrade your current subscription.
Subscribe now
This article is available to subscribers only. To gain acess to to the rest of this article please subscribe to ITR Premium.
Subscribe