THE Federal Government has backed down on its proposed changes to the Fuel Tax Credit Scheme after farming groups made an urgent call to rule them out.
Melbourne-based public policy ‘think-tank’ the Grattan Insitute has released a report stating that the $8 billion a year in fuel tax credits given to businesses should be cut in half, to help repair the budget and reduce carbon emissions.
However National Farmers Federation president Fiona Simson has warned that slashing the scheme would be “economically disastrous”, and would “light the fuse on a multi-billion dollar tax…
