Showing posts with label carbon tax. Show all posts
Showing posts with label carbon tax. Show all posts

Former Future Fund Chairman says "Carbon Tax will be Bad for Australian Economy"

Posted by Shoebooks Team in Wednesday, April 4, 2012

After having served multi-billion dollar Future Fund for six years, David Murray ended his term as Chairman last Monday and has left very stinging words to say about the carbon tax.

According to Murray, the carbon tax is the “worst piece of economic reform” he has ever seen.

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Carbon Tax Impacts Make Accountants Worry

Posted by Shoebooks Team in Wednesday, August 24, 2011

Carbon Tax Impacts - What the accountants are worried about
According to the results of a survey of accountants, the Australian small business owners’ financial performance will be negatively impacted by the introduction of a carbon tax.

Data from a survey conducted by the Institute of Public Accountants (IPA) shows that 70 percent of the respondents are worried about the financial performance of their small business clients as they believe that their small business would be negatively affected while 66 percent believe that enough consideration about how the tax will impact SMBs have been provided.

IPA chief executive, Andrew Conway, commented on the survey that IPA members were trusted advisers to the Australian small business community. Furthermore, he believed that the perceived bleak outlook for the small and medium business sector over the next 12 months is very alarming for them.

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Carbon Tax - Design Elements and Business Preparations

Posted by Shoebooks Team in Monday, August 8, 2011


The Carbon Tax has just been recently introduced by the Australian government. This means that in order to transform Australia into a “clean energy” economy, there will now be the pricing of carbon dioxide and other “greenhouse gas emissions”.

Though it is yet to be introduced and approved by both Houses of the Parliament, it is expected to be implemented by July 1, 2012.

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Australian Workers Union Supports Carbon Tax

Posted by Shoebooks Team in Wednesday, July 20, 2011

After the carbon tax was imposed on companies that belong to the Top 500 most polluting by having them pay $23 per tonne beginning July of next year, the Australian Workers’ Union has finally given its thumbs up. It has vowed to name and shame any company that uses the carbon tax as an excuse to sack workers.

The Union previously warned the government that it will withdraw its support the moment a single job is lost. However, it was stated by Paul Howes, national secretary of the union, that it is quite satisfied at present of the government’s package.

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Significance of Carbon Tax for SMEs

Posted by Shoebooks Team in Monday, July 18, 2011

Carbon Tax: What it means for SMEs

The increase to the instant asset tax write-off from $5000 to $6500 was recently imposed by the government to make the companies that belong to the Top 500 most polluting pay a carbon tax of $23 per tonne from July next year.

Last Sunday, Prime Minister Julia Gillard announced one of the biggest changes to the Australian economy since the GST was introduced. This is ensuring that July 10, 2011 will become “Carbon Sunday”. This means that beginning July 1, there will be a new set of rules that will impact the business landscape. Carbon Sunday is believed to have tangible results in reducing emissions and positive effects on the environment.

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Accountants Welcome Instant Asset Tax Write-off for Small Business

Posted by Shoebooks Team in Wednesday, July 13, 2011

Carbon Tax: Accountants Welcome Instant Asset Tax Writ-off for Small Business

The government’s decision to increase the instant asset tax write-off from $5000 to $6500 has been welcomed by accountants. The question now lies on how SME’s will be able to cope with the increase.

This increase has been seen by Gavan Ord, business policy adviser for CPA Australia, as a step in the right direction.

“It’s moving towards the Henry recommendation of $10,000,” said Ord.

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