Media File #4

Please click here to see article


Talk of carbon tax already pushing up electricity prices 
1 March 2011, SMH
This article is talking about the carbon tax plan. Australia's biggest electricity users are complaining about the fact that electricity prices have risen by up to 4% since the announcement. The carbon tax hasn't even been implemented yet. This will also soon affect households and in turn slow spending and economic growth. Hopefully that will be balanced out by what the government spends future taxes on. (if the scheme gets through parliament) In the mean time I guess people will have to put up with the extra price rise in electricity. It seems that nothing good can come of the Carbon Tax and the majority of the Australian public disagrees with it. The question in my mind is that if nobody agrees with the Carbon Tax then why implement it, it is not a good thing to do if they want to with the next election. In commerce we have been talking about the economic cycle and this Carbon Tax is putting a strain on the taxation sector.