Australian Tax Update: repeal of the carbon tax — easy come easy go?

The federal government fulfilled its election promise when the Senate passed the carbon tax repeal legislation on 17 July 2014. The government achieved the repeal of the carbon tax after two weeks of negotiations with the Palmer United Party and other crossbench senators. The repeal legislation awaits royal assent and will be effective from 1 July 2014.

The government’s preferred method to reduce pollution, the Direct Action Plan, was not debated in Parliament due to a lack of time.

In this Tax Update, DLA Piper outlines the associated income tax, goods and services tax, fuel tax and other implications that will stem from the repeal of the carbon tax…

Click on the link below to read the rest of the DLA Piper briefing.

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