Tax Issues Arising from the CPRS

On Tuesday 10 March, the Government released exposure draft legislation for its proposed Carbon Pollution Reduction Scheme (‘CPRS’).  The legislative package of six draft Bills contains a number of tax measures relevant for Australian businesses, as well as the rules for establishing and running the CPRS trading regime itself.  This Tax Brief sets out the main tax issues that businesses will need to grasp arising from a measure that many are saying will be the biggest structural adjustment to the Australian economy since the GST.  For our full Tax Brief - click here