Aussie Gov Says They'll Fine Anyone Who Blames Carbon Tax For Price Increases, Despite Carbon Tax Causing Price IncreasesChris | InformationLiberation
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."
And households are being warned to watch out for telephone scammers offering to deposit carbon tax compensation into their bank accounts.
The prices watchdog, the ACCC, will today launch its countdown to the July 1 carbon tax with a special focus on helping small businesses understand their obligations and consumers to be vigilant for false claims.
It is releasing internet videos to help business, a 16-page guide and has set up a dedicated website www.accc.gov.au/carbon.
ACCC deputy chairman Dr Michael Schaper told the Herald Sun companies were entitled to increase their prices and did not have to justify or explain why.
"It is business as usual,'' Dr Schaper said.
But if they blamed the carbon tax they must be able to prove it and not use it as a cover for other price increases related to wages, rent or stock.
"If a business claims that a price is linked to the carbon price, that claim must be truthful and have a reasonable basis,'' he said.
Dr Schaper said the warning applied to comments made by staff over the phone, on the shop floor or in meetings.
It also covers advertising, product labels, websites, invoices, contracts and contract negotiations.
The ACCC has the power to force a business to substantiate that a price rise has been caused by the carbon tax.
The guide explains what businesses can and cannot do, and provides a checklist to follow.
Dr Schaper said businesses must be sure price rises were "based on your own costs''.
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 $1.1 million dollars.
- Cost of Renouncing US Citizenship Goes From Free In 2010 to 450$, And Now It's Been Jacked to $2,350
- Colorado's Illegal Pot Market Thrives
- Neighborhood Bully - America Recklessly Throws its Weight Around
- Doug Casey on the Phil Donahue Show (1980/1981)
- Yellen: Where No Man Has Gone Before
- Block on CNBC: Privatize the Roads
- Burgeoning Regulations Threaten Our Humanity
- How Government Forces the Poor Into Black Markets
FAIR USE NOTICE
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.