The Resource Measuring the costs of implementing the former carbon tax for Australian liable entities

Measuring the costs of implementing the former carbon tax for Australian liable entities

Label
Measuring the costs of implementing the former carbon tax for Australian liable entities
Title
Measuring the costs of implementing the former carbon tax for Australian liable entities
Creator
Subject
Language
eng
Summary
The implementation of the carbon tax (formally referred to as carbon pricing schem) on 1 July 2012 was part of Australia's commitment to stabilise greenhouse emissions in an effort to mitigate climate change. This article examines the implementation compliance costs of the Australian carbon tax for liable entities, for the period up until 30 June 2012. The author assesses the magnitude of the implementation costs of a new tax, thus contributing to the compliance costs literature. A survey of 50 liable entities undertaken in September 2012 and telephone interviews with 10 of these entities conducted in April 2013 estimated the start-up compliance costs at AUD 1,795,762 per liable entity. Although the majority of respondents (60 per cent) supported the Government's plan for a clean energy future, most of these enterprises (65 per cent) found the carbon tax complex. Despite the high gross carbon tax start-up compliance costs, liable entities (56 per cent) also identified potential benefits of the implementation of the carbon tax. The author's investigation has important political, economic and environmental benefits for countries seeking to introduce a carbon tax or similar taxes
Citation source
In: New Zealand journal of taxation law and policy. - Wellington. - Vol. 21 (2015),
http://library.link/vocab/creatorName
Rametse, N
Language note
English
http://library.link/vocab/subjectName
  • energy tax
  • environmental tax
  • tax compliance
  • compliance costs
Label
Measuring the costs of implementing the former carbon tax for Australian liable entities
Instantiates
Publication
Label
Measuring the costs of implementing the former carbon tax for Australian liable entities
Publication

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