BUSINESS PUTS CARBON TAX IN ‘TOO HARD’ BASKET

Written on the 9 August 2012

BUSINESS PUTS CARBON TAX IN ‘TOO HARD’ BASKET

SIX weeks after the Federal Government introduced the carbon tax, only 10 per cent of businesses have changed their corporate strategy, new research has found.

The 2012 DHL Export Barometer shows 90 per cent of 785 businesses surveyed consider the $23 price on carbon “too hard”, blaming the government’s lack of detail. About 70 per cent believed the carbon price had been set too high.

“Most of the respondents have not planned or they obviously have not increased the cost of their products or the price of their products,” says DHL senior vice-president Gary Edstein.

“I think the government can do a lot more education in making the exporters more aware of the impact of the carbon tax.”

Nearly a third of companies were concerned the tax would hinder exports, which are already suffering due to the high Australian dollar.

DHL says the strong currency has hindered competitiveness of nearly two-thirds of exporters against overseas players, with agriculture (81 per cent) and manufacturing (67 per cent) being the hardest-hit sectors.

However, half of respondents still expect profitability to improve in the next 12 months with 57 per cent also anticipating a jump in export orders.

New Zealand topped the list of export destinations with a 50 per cent market share, compared to 39 per cent in 2011.

For more on how the carbon tax will affect your business, get your copy of the current issue of Gold Coast Business News.


Latest News

1700 BRISBANE APARTMENTS NOW MANAGED BY FORTUNE 500 COMPANY JLL

MULTINATIONAL and Fortune 500 company JLL (NYSE: JLL) has expanded its Australian dominance in the property managemen...

HARVEY NORMAN HITS OUT AT 'FALSE NEWS' OF ASIC INVESTIGATION

RETAIL giant Harvey Norman (ASX: HVN) has vehemently rejected reports its accounts are under investigation by ASIC, s...

RARE GOOD NEWS FOR SLATER AND GORDON AS ASIC CLOSES INVESTIGATION

ASIC has cleared Slater and Gordon of deliberately falsifying its accounts after a three-month investigation.

It s...

Q & A WITH FACEBOOK GURU ANDY MCKEON AS HE JOINS AUSTRALIAN SOFTWARE COMPANY LIVETILES

HE was creative director at Apple under the legendary Steve Jobs, and is now a senior Facebook executive. In his n...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter