Qantas Profits to Go Up In, Er, Carbon Smoke

11 July, 2011 Martin Kelly 1 Comment

Qantas has entered the carbon tax debate (debacle?) here in Australia, estimating the new government impost will cost it between $110m to $130m during the 2012/13 financial year, forcing it to increase domestic airfares by an average of $3.50. The Australian Government yesterday said it will slug ‘major emitters’ such as domestic airlines (international services are excluded) $23 for each tonne of carbon they discharge when the tax comes into effect from July 1, 2012. This only the start of what certain to be a long, convoluted argument.

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John Cartwright says:

22 July, 2011 at 7:49 pm

The carbon tax is going to hit businesses very hard, and not really impact on the global warming problem. There needs to be a better solution to the problem of global warming that will not cost businesses and consumers so much money.

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