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Australia is about to be hit by a carbon tax whether the prime minister likes it or not, except the proceeds will go overseas

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Australia is about to be hit by a carbon tax whether the prime minister likes it or not, except the proceeds will go overseasPerutskyi Petro/Shutterstock

Ten years ago, in the lead-up to Australia’s short-lived carbon price or “carbon tax” (either description is valid), the deepest fear on the part of businesses was that they would lose out to untaxed firms overseas.

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