Virgin Blows 50 million on 'carbon'
Where did the money go ?
Shareholders must be happy...
Virgin Australia is paying plenty for Labor’s utterly useless carbon tax:
...The Company today also confirmed that the pre-tax costs of the carbon tax for the 2013 financial year are estimated to be between $45 million to $50 million and were unable to be recovered due to weak economic conditions and the competitive environment. As a result of these factors, Virgin Australia expects a statutory Loss After Tax in the range of $95 million to $110 million...
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At least Branson could see the damage it would do to the airline...
"...Any tax should be done on a global basis, I think ideally, not on a country-by-country basis...
...if it disadvantages Australian companies and Australian people; anyway that's a question that Australians are going to have to ask themselves..."
PM - Branson criticises carbon tax, backs biofuels 06/07/2011
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