Carbon taxes to erode profit to taxpayer
Votes: 8
by monty123 8:54am, 24 January 2008
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The link below is to a report that Dr Clive Hamilton thinks any new owner will demand indemnities against carbon tax liabilities and that this would cost the taxpayers most of the gains that the sell off would make. Also it would be giving away the opportunity to make money by redcing emissions. Has Iemma even looked at these issues?
Relates to website: http://www.abc.net.au/news/stories/2008/01/22/2143547.htm
Greg Piper
Member for Lake Macquarie
Jan 24, 2008 06:17pm
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Thanks Monty - your link is probably more obvious but I have attached the media release and the report from the Australia Institute in the Library. Hamilton's argument seems pretty obvious. Why would someone invest in the industry without indemnities when thay are pretty certain to have a carbon trading scheme introduced with unknown costs to them. The NSW government have a track record of paying for their mistakes including the airport rail link and motorways.
monty123
Jan 31, 2008 07:53am
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Thanks for posting the report Greg. This is not an industry we can afford to have go bust like the cross city tunnel did - if there really are no indemnities being given then wouldnt it be smart to call the sale off until the carbon price is fixed? Then we might get more for the assets.
Greg Piper
Member for Lake Macquarie
Jan 31, 2008 05:11pm
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Seems logical to me - I can't see how a sale price could be maximised without the purchaser being able to able to factor in such a major unknown as carbon trading.
wscparks
Feb 13, 2008 07:14pm
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green house properganda abounds
there are plenty of genuin areas to reduce green house gasses BUT carbon trading and carbon taxes are another rich mans trick ...and an attack on poor countries and poor people ...well desinged coal plants are still needed and so to dream up exra cost for these is to suit the rich of the world..
note...get rid of better design patents and give help with power house design.
,building, and costs
wscparks
Mar 01, 2008 04:49pm
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NO to carbon taxes or carbon trading........green house properganda abounds.......and are/will be playground of the rich end of town.
there are plenty of genuin areas to reduce green house gasses BUT carbon trading and carbon taxes are another rich mans trick ...and an attack on poor countries and poor people ...well desinged coal plants are still needed and so to dream up exra cost for these is to suit the rich of the world..
note...get rid of better design patents and give help with power house design costs,and extra building, and unnessesary leagal costs