The mining, farming, tourism and forestry industries will deliver a pre-emptive strike to protect the diesel fuel rebate as the government moves into budget preparation mode. Source: The Australian
After the industries narrowly avoided a cut to the program, known as the fuel tax credits scheme, before last year’s budget, a coalition of nine industry organisations will release a report detailing the case to keep it.
With the government looking for savings and the Greens pushing for its abolition, declaring it a $6 billion fossil-fuel subsidy, concern remains that the scheme could again be in the razor gang’s sites.
The groups include the Minerals Council of Australia, the National Farmers Federation, the Australian Forest Products Association, the Australia Petroleum Production and Exploration Association and the National Irrigators Council.
The groups argue that sound tax policy dictates that taxes on intermediate business inputs are inefficient and distortionary.
