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European Union tax on carbon to push up airfares
QANTAS will be forced to lift international airfares to Europe from next January after being slapped with a penalty by the European Union because Australia does not have a price on greenhouse gas emissions.
The national carrier told business leaders at a meeting in Canberra this week that under changes to the EU's emissions trading scheme, Qantas would be forced to pay a tax on 15 per cent of its carbon emissions from its nearest port of call.
This would mean the tax would be payable from emissions incurred by flights from ports as far as Singapore and Bangkok under a "border tax" adjustment contained in the EU scheme.
Government sources believe US airlines, which will also face the EU carbon impost, are likely to challenge its validity in the World Trade Organisation... continues -
European Union tax on carbon to push up airfares | The Australian
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