• Media Release

MCA response to proposal from The Superpower Institute

Today’s proposal from the Superpower Institute to impose an additional tax on Australian industry would seriously undermine our international competitiveness and result in jobs losses across the country.

The climate wars are over. Australia already has a framework in place which was designed to be agnostic about the source of emissions.

Industry is getting on with the job of reducing emissions at pace, investing in new technologies, innovating their operations, and plotting a genuine path towards decarbonisation.

Reducing global emissions will require innovation and creativity, simplistic and blunt taxes on Australian industry is not the way forward.

The challenge Australia must be focused on is how we get there without damaging our economy and slashing tens of thousands of regional jobs and billions in investment.