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Carbon tax could hit economy - Sacci

Wednesday, 07 August 2013   (0 Comments)
Posted by: Author: SAPA
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Author: SAPA (MoneywebTax)

'Measures should be revenue neutral'

The proposed introduction of carbon tax could have a severe impact on the economy and job creation in South Africa, Sacci said on Monday.

"[We are] supportive of measures to reduce carbon emissions in principle, so long as those measures remain tax neutral," SA Chamber of Commerce and Industry (Sacci) CEO Neren Rau said in a statement.

He said Sacci had submitted comment to the Treasury on the carbon tax policy paper, which provides a framework discussion on plans to introduce a carbon tax of R120 per ton of carbon dioxide from 2015.

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