However, if APD is forcing companies out of business, then at some point the costs of redundancy and unemployment benefit more than outweighs any income. The loss of tax revenue from companies the size of TCX would wipe out any fiscal advantage from APD in one fell swoop.
The Dutch immediately saw the damage that an APD did, and dumped it very quickly, if I remember rightly Schiphol saw a drop of 30% in pax numbers within 9 months of the introduction of a departure tax.
Did the government not announce recently that APD would increase in April? And if APD is supposed to be a "green" tax, then with the introduction of ETS then surely APD should die...?