“…Firms that obtain free [emission] permits cannot sell them on exit from the industry. This encourages them to continue to operate even if their output could be more cheaply supplied by others. The compensation to households is even worse. Those payments will be income-based, phasing out as income rises. This will increase marginal tax rates that are already high, with the lost compensation meaning that each additional dollar in pre-tax earning could translate into less than 60c of take-home pay.” Extract from Henry Ergas in The Australian
-
Peter Gallagher
Peter Gallagher is a leading Australian consultant on trade and public policy.[bio].“I can help you with strategies for, and analysis of, international markets, law and regulations, trade agreements, export policies, import restrictions… I also offer reports, conferences and master-classes for government officials and industry associations on international trade research.”
Email: Peter Gallagher

