Carbon Tax Compo? Think Again’s-biggest-carbon-tax-to-become-even-bigger.

…But considering the Treasury’s overly optimistic fairytale carbon tax modelling concludes that the average Australian household will be “overcompensated” by $10.40 a year or 20c a week, a simple upward recalculation will wipe out any household overcompensation by the end of the year.

And this upward revision may not be the only one that occurs….


…The Gillard government is already imposing the most expensive and broadly applied carbon tax in the world.

Once the upward revision of Australia’s emissions profile is completed, Australia’s carbon tax bill will still be the world’s largest with an extra $230m on top...