Carbon tax and your business

The Federal Government’s Carbon Tax Scheme will, provided that legislation is passed, come into effect from 1 July, 2012 and could hurt businesses nation-wide.

Under the scheme, any facility that produces at least 25,000 tonnes of carbon dioxide equivalent per year will face a levy of $23 per tonne on emissions. Although aimed at the country’s top polluters, price increases passed on to consumers by large gas and electricity companies will mean that Australian businesses will suffer a hit.

Small businesses need to start work to reduce their energy footprint in order to pay their future power bills.

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