Australia's proposed emissions trading scheme: the tax policy dimension

Source: Institute of Chartered Accounts; Ernst & Young
"Australia is moving rapidly towards integrated action to reduce carbon emissions including developing an Australian Emissions Trading Scheme (AETS) to commence in 2010. This report sets out the key Australian tax issues which will emerge, recognising that the precise tax implications of transactions under the AETS will depend on the legal form the scheme takes under the AETS legislation when released."