Aussie Gov Says They'll Fine Anyone Who Blames Carbon Tax For Price Increases, Despite Carbon Tax Causing Price IncreasesChris | InformationLiberation
May. 27, 2012
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Australia's new carbon tax is going to cause costs to rise on everything across the board, it's a massive new tax on energy, therefor no industries will be able to escape the rising costs.
That said, the Australian government has declared it's illegal to "wrongly" blame the carbon tax for price increases, and they say those who do will face fines up to $1.1 million dollars.
Via The Daily Telegraph:
SHOPS and restaurants could face fines up to $1.1 million if waiters or sales staff wrongly blame the carbon tax for price rises or exaggerate the impact.The idea you can somehow defend yourself and "rightly" blame your price increases on the carbon tax is nonsense. The law says your claims must be "truthful" and have a "reasonable basis."
Who determines what is truthful, and who determines what is reasonable? Not the business owner, that's for sure.
The hidden costs of a new tax can spread in entirely unpredictable ways, taxes are frequently passed onto consumers, other times they may ultimately fall on producers, there's no way to know exactly who will be ultimately paying these taxes, so there is no way to ultimately say what the "truthful" cost of these new taxes are on anything.
What we know for certain is costs will rise, but don't dare say it, or you could be fined $1.1 million dollars.