Saturday, April 12, 2008

$2 billion cars

Ok, so we've all heard about the strange subsidies that exist for companies to pollute the environment. But what are they? Well i saw the speech by Don Henry (ACF) the other day, an he outlined some of the things our tax dollars are subsidising.

Tax-breaks for company cars are estimated to reach a cost of $2 billion dollars by 2009-10. Great for CEO's and the like. Not so great for the planet. The strange thing is, the more kilometres they drive, the bigger the tax breaks get.

Another one is petrol tax. While the average car-driver pays 38 cents per litre in tax, big companies pay either 3 cents per litre (airlines) or 0 cents (mining companies). [Full speech]

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