The proposed AETS is expected to become operational in 2010, which will have significant implications for Australian businesses. This paper considers the likely Australian and international tax implications of the AETS and covers:
- overview of international experience to date
- how the AETS will likely operate
- an overview of the new emissions reporting requirements
- how the AETS will likely interact with the existing Australian tax framework
- tax policy consideration for tax incentives to drive behavioural change
- role for tax directors in the process.