CO2 Tax Australia – Don’t Bank On This Tax

Posted on Fri 10/14/2011 by

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Andrew BoltBy Andrew Bolt

Tony Abbott gives fair warning – which might help to limit the compensation claims afterwards:

Opposition Leader in the Australian Parliament Tony Abbott has warned businesses not to buy future-dated emissions permits under the Gillard government’s carbon tax scheme, in a threat branded “reckless” by Labor.

Adding to the uncertainty surrounding the tax, the Opposition Leader said firms purchasing emissions permits should do so in the knowledge the scheme would be shut down if the Coalition won the next election.

“We will repeal this legislation. We will dismantle the bureaucracies it has spawned,” Mr Abbott told a Menzies Research Centre tax roundtable in Sydney.

“And we give businesses fair warning not buy forward permits under a tax regime that will be closed down.”

Andrew Bolt is a journalist and columnist writing for The Herald Sun in Melbourne Victoria Australia.

Andrew Bolt’s columns appear in Melbourne’s Herald Sun, Sydney’s Daily Telegraph and Adelaide’s Advertiser. He runs the most-read political blog in Australia and hosts Channel 10’s The Bolt Report each Sunday at 10am. He is also heard from Monday to Friday at 8am on the breakfast show of radio station MTR 1377, and his book  Still Not Sorry remains very widely read.

Read more excellent articles from Andrew Bolt’s Blog . http://blogs.news.com.au/heraldsun/andrewbolt/