Sunday, July 10, 2011

Gillard begins carbon tax sell


The Government is beginning to sell its carbon tax to Australian industry and households after yesterday announcing details of the controversial scheme.

Sunday's announcement revealed about 500 big polluters will pay an initial $23 per tonne from July, with the tax rising by 2.5 per cent a year until the tax changes to an emissions trading scheme in 2015.

The Government has promised billions in compensation via tax reform and direct payments, and says the average household will be 20 cents a week better off.

See full Article.