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Jun 25, 2012

Going partial Galt on carbon tax.

Australia's carbon tax has already started to combat global warming by producing the coldest May in Canberra for fifty years. Julia did not tell us that her tax was retrospective. - Viv Forbes


Cartoon: by Mark Knight.

There were a number of predictions that with the advent of the carbon tax across the economy at $23 per ton for businesses emitting more than 25,000 tons of CO2, some of them would ‘go Galt’ rather than struggle on. Some though are innovative enough to come up with a different solution that allows them to stay in business; go partial Galt.

A Queensland Abattoir, which is just over the CO2 emissions
required to trigger the tax, has decided to shut down for three weeks to reduce them:

A MAJOR meatworks could shut one of its Queensland plants for three weeks to side-step a carbon tax bill expected to cost millions.

Teys Australia Meat Group is one of 295 names on a preliminary list of companies to be slugged the $23 a tonne carbon tax from July 1 after its carbon emissions were estimated as being above the threshold of 25,000 tonnes a year.

The group, which has its head office in Beenleigh, south of Brisbane, was expecting its carbon tax bill to exceed $2 million a year. But the meat processor could dodge part of the bill by closing down its second-biggest plant at Beenleigh for several weeks to reduce its annual emissions at the location to just below the Government's 25,000 tonne tax threshold.

It is believed other meatworks with emissions above the threshold could also be considering temporary shut-downs to avoid the tax. "We could close this plant for a period of time in the year - one or two weeks - and therefore our total emissions for the year would potentially be below 25,000 (tonnes)," Teys spokesman Tom Maguire said.
This is probably only the thin end of the wedge. It figures that any business that is near the tax kick in point would be crazy not to shut down for a period to avoid this impost unless they are profitable enough to make more than a couple of million on the bottom line during that shut down period.

This tax is a dog’s breakfast of environmental extremist appeasement, class warfare, and wealth redistribution along with unrealistic ideas as to the government’s ability to change the weather for the better.

Everybody screws up at some stage, idiots screw up a lot, but only Labor screws up every time.

3 comments:

  1. profoundly_disturbedJune 26, 2012 at 9:52 AM

    G'day Jim

    Serious question here; can you or anybody else point me to definitive information on how the Carbon Tax mechanism works (sic) please?

    For instance, is it based on units of energy consumed in the production of product? Do energy producers fall within the scope of the tax?

    ReplyDelete
  2. Probably the best thing to do is look up the legislation on the web. Essentially though, it doesn't.

    What was to be a tax on emissions of CO2 became as part of the class war, "a tax on Australia's biggest polluters." Thus the tax was to be levied on the nations biggest producers, (especially power generators and fuel suppliers, miners, etc, with the cost passed down to the consumer in a way that would allow the government to appear clean handed.

    By the time the actual legislation was announced, it had gone through a transition to a fully fledged redistribution of wealth scheme, under which much of the income from the tax was to be passed on to 'lower income' households, with most if not all of the rest used to prop up marginal industries whose closure would make the government look bad.

    Some reports suggest that the tax will have such a detrimental effect on the mining industry, that there will be a massive shortfall of expected income from the mining tax leaving a $4billion hole in Swan's 'balanced' budget.

    ReplyDelete
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