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TAX * Canada - Carbon Crunch
You think there’s already too much tax built into the price of fuel? Well, truckers you ain’t seen nothin’ yet
BC,CAN -rbmcarriers/Today's Trucking, by Steve Macleod -17 May 2008: -- ... specially those of you in B.C., anyway... When B.C.’s Finance Minister released the 2008-2009 provincial budget this year, however, some mutterings became a bit more audible and still show no signs of quieting down... The province has become the first jurisdiction in North America to introduce a carbon tax directed at consumers. It will apply to pretty much all fossil fuels, including gasoline, natural gas, coal, propane, home heating fuel, and of course — diesel. If the budget passes, beginning this year, gasoline will increase by 2.5 cents per liter and diesel by 2.7 cents per liter this year. After the five-year phase-in period in 2012, the prices will be 7.3 cents more per liter and 8.3 cents per liter, respectively... Designed to encourage consumers to make more environmentally friendly buying decisions, B.C.’s carbon tax is being billed as revenue-neutral and will supposedly be given back to citizens in the form of tax cuts... Even though the carbon tax could put the price of fuel in B.C. at nearly three times what it will cost in neighboring provinces, Carole Taylor, B.C.’s Finance Minister, is confident the new measure will not make B.C. uncompetitive... There may be benefits for the average citizen, admits B.C. Trucking Association (BCTA) CEO Paul Landry. But for truckers who already voluntarily invest in fuel saving technologies, the tax plan provides very little return. “What’s missing in this budget for the trucking industry is the balance. We see the stick, but where’s the carrot?”... (The BCTA says the carbon tax is all stick,no carrot, for trucking companies)Labels: tax policys
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