Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Dumped Carbon Tax Good News For Motorists

Dumped Carbon Tax Good News For Motorists

The AA has welcomed the government’s decision not to proceed with its proposed carbon tax.

The carbon tax would have collected $360 million annually. It was designed to reduce greenhouse gas emissions and set to come into effect in April 2007. The carbon tax was one of two future taxes on petrol planned by the government, and was expected to increase the cost of petrol by between three and five cents per litre.

AA spokesperson Simon Lambourne says “motorists will be very relieved the government has dumped the carbon tax. The AA has opposed the carbon tax since it was first mooted, believing motorists already pay their fair share through petrol excise.”

Motorists pay $1.2 billion annually (excluding GST) to the government in petrol excise. Approximately half of this goes into the general crown account. The AA will continue to oppose the government’s other intended petrol tax increase, which is inflation based and scheduled for introduction in April next year.

“We welcome the Transport Minister’s statement today that petrol prices have risen and the government must respond in a fair manner. A further increase in petrol excise next year will obviously needlessly hurt everyone’s budgets.”

The government’s efforts to improve the fuel efficiency of the transport fleet are supported by the AA.

“A fuel efficient fleet has considerable benefit for motorists - it means petrol cost savings, it’s better for the environment and makes driving a considerably more pleasurable experience,” says Mr Lambourne.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news