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TAXES * Australia
* Australia - Truckers must crank up before carbon tax
(TAX INCENTIVE: Ferrier Hodgson partner Brendan Richards says there will be indirect costs to all businesses from the carbon tax, but it is an opportunity for those who have a handle on their business)Adelaide,South Australia -Stock Journal by Catherine Miller -20 Jun, 2012: -- Now is the time to measure and analyse the expected cost increases of the carbon tax on your business... That was the message from Ferrier Hodgson (Photo above), partner and head of transport and logistics Brendan Richards at last weekend's Livestock and Rural Transporters Association (LRTA) of South Australia annual conference, to an industry which already works on tight profit margins... He said that those who did nothing to pass cost increases onto their customers risked having all their profit disappear overnight when the tax is introduced in less than a month... He said the industry was focusing on the threat of a 6.85 cents a litre reduction on fuel tax credits from July 1, 2014, which was estimated to have a 1 per cent cost impact... But of much greater concern was the effect of the carbon tax from July 1... The federal government had priced carbon at $23 a tonne - the most expensive in the world and up to three or four times other nations' schemes... He said the Australian Food and Grocery Council had estimated the carbon tax would have a 3.5pc cost increase across the board... Based on a $3 a kilometre rate with a 9c/km profit after costs, many transport operators were working on just a 3pc profit margin...
Labels: carbon taxes
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