07 August 2011

Revealed: The real winners of Gillard's carbon price plan



  • Demand for accountants will surge in year ahead
  • Lawyers set to profit from legislation challenges
  • Big banks will trade carbon permits from 2015

BIG banks, accountants and lawyers are among the big winners to cash in on the carbon plan, as companies wrestle with reporting requirements arising from the tax.

Research by IBIS World shows the demand for accountants will surge by 3.4 per cent in the next year because of the Government’s clean action plan, The Australian reported.

The research shows that demand for accounting and business advisory services will boom over the next five years, as businesses try to adapt their practices to “mitigate the downside - or capitalise on the upside of the new legislation".

Financial services firms are also likely to profit from the overhaul of the tax system announced as part of the carbon plan.

Banks will be involved in trading carbon permits when emissions trading starts in 2015, and will develop new products to help polluters reduce their carbon exposure.


Australian Bankers' Association chief executive Steven Munchenberg said the Government's carbon price was "essentially creating a new market".

"We would therefore expect to see a range of instruments developed to help companies manage their carbon exposure," he said.

Lawyers will also benefit from the boom, with Ibis predicting demand for services to rise by 3.8 per cent.

Big law firms are set to be major winners if energy-intensive companies try to challenge the legislation.


theaustralian.com.au 15 Jul 2011

The political and business community are essentially the same people who work together with the law makers and other top business executives to make laws that are only beneficial to themselves.

This comes at great cost to the general populous at large, and is a direct assault of robbing them of their personal savings, just to make ends meet.

The politics is to have a society with two classes of individuals where the majority of the middle class will be dissolved into the lower class.


1 comment:

Thenewager said...

Karl Marx wrote about a two class divide, interesting analysis.