Sojourner wrote:Castalloy most certainley would have had to pay the Carbon tax, albeit through their electricity bill as it increases their costs of manufacture significantly.
The remark re Chinese Factories was taken from 5AA news this morning!
To keep Castalloy going they have to face these higher costs, like it or lump it environmental costs are now a looming issue for the remaining Australian manufacturing plants.
To be fair, it really is all about the value of the aussie dollar at the moment for manufacturers coupled with the economic downturn in Europe and US.
Carbon tax, depending on the industry will have an impact on direct costs but as a factor on what your product costs in US dollars it will be quite small in comparison.
Same with cost of living , for those punters with a mortgage , the cost of utilities going up by 20% is hard to budget, but compared to the impact of interest rates on the budget, again it is small in comparison.
If at first you don't succeed , then destroy all evidence that you tried in the first place