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Government must reject calls for abolition of fuel tax credit scheme
THE HON GARY GRAY AO MP SHADOW MINISTER FOR RESOURCES MEMBER FOR BRAND
GOVERNMENT MUST REJECT CALLS FOR ABOLITION OF FUEL TAX CREDIT SCHEME
Shadow Minister for Resources Gary Gray called on the Government to reject demands from the Greens to abolish the fuel tax credit scheme.
During his address to the National Press Club yesterday, Greens leader Senator Richard Di Natale revealed that he had written to Malcolm Turnbull suggesting, inter alia, the abolition of the fuel tax credit scheme.
“I ask Malcolm Turnbull to unequivocally and promptly reject this demand from the Greens,” said Mr Gray.
“Senator Di Natale alleged that fuel tax credits subsidise fuel use in the mining industry.
“There is no preferential treatment for the resources industry in our tax system.
“Labor’s position on the diesel fuel rebate under the fuel tax credit scheme has been consistent.
“The diesel fuel rebate applies to all businesses. It works for mining, agriculture, power generation, fishing, aquaculture, tourism and other off-road users of diesel.
“Diesel fuel excise aims to recover the cost of public road use—not off road economic use.
“The rebate works to prevent the taxation of a business input, which is an accepted principle of good taxation policy.
“Unjustifiably taxing business inputs is inefficient. It distorts investment decisions, affects Australia’s export competitiveness and creates uncertainty for businesses large and small.
“We can’t afford to further stoke business uncertainty at this critical juncture in the evolution of Australia’s mining boom, especially given recent volatility in commodities markets.”
THURSDAY, 1 OCTOBER 2015
MEDIA CONTACT: TINA SAMARDZIJA 0429 666 520