"Carbon Tax will have little or no impact on business" - NZ

‘Carbon Tax will have little or no impact on business’: NZ businesses tell their Australian counterparts

A recent survey conducted this week by legal and accounting group MSI Global Alliance provides key insights into the impact of the New Zealand Trading Scheme (NZETS) vs the Australian Carbon Tax, together with predictions on business growth, profitability, employment and overall business confidence for the year ahead.

Two years on from the introduction of the NZ Emissions Trading Scheme (NZETS), 71% of New Zealand respondents said that the introduction of the Scheme in 2010 ultimately had ‘little impact’ (15%) or ‘no impact at all’ (56%). Just 9% of NZ respondents said the Scheme had impacted their businesses ‘very strongly’ (3%) or ‘strongly’ (6%) – in terms of the costs of doing business.

MSI Global Alliance spokesman Alec Blacklaw commented on the survey results: “We are all reading and hearing about the potential damage that the recently introduced Carbon Tax could do to the Australian economy, not least in terms of impacts on business confidence. However, recent experience from business owners in New Zealand, where the Emissions Trading Scheme was introduced just over two years ago in July 2010, suggests that the actual impact on the costs of doing business will be very small.

Full media release, click here

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