INDEPENDENT NEWS

Carbon tax rethink fantastic news

Published: Wed 21 Dec 2005 01:58 PM
Wednesday, December 21st, 2005
Carbon tax rethink fantastic news
Abandoning the carbon tax scheduled for 2007 is fantastic news for business, especially exporters, the Employers & Manufacturers Association (Northern) says.
"This will give business confidence an excellent fillip for Christmas," said Alasdair Thompson, EMA's chief executive.
"The carbon tax represented a huge hurdle detracting from New Zealand as a profitable place to invest.
"We applaud Government's search for 21st century solutions rather than the earlier 1990's approach.
"We expect business to engage wholeheartedly in the drive for these solutions now the big taxation stick has been put away.
"We are keen to help with the new Government focus on carrots that reward and incentivise the development of new technology and methods to cut greenhouse gas emissions.
"In particular, we are keen to see improvements to productivity aimed at achieving higher efficiency from plant and equipment recognised and rewarded.
"To encourage the new approach we suggest, for example, a 150% write off of R on technology aimed at reducing carbon emissions.
"On the other hand, any price based measure, whether tax based or not, would adversely impact our international competitiveness and harm the economy by introducing costs not faced by our competitors."
ENDS

Next in Business, Science, and Tech

General Practices Begin Issuing Clause 14 Notices In Relation To The NZNO Primary Practice Pay Equity Claim
By: Genpro
Global Screen Industry Unites For Streaming Platform Regulation And Intellectual Property Protections
By: SPADA
View as: DESKTOP | MOBILE © Scoop Media