Carbon reporting need not be a taxing affair
A company-wide, informed approach will help iron out inaccuracies and confusion
The budget rarely contains pleasant surprises. The 2019 edition had the usual sin-bashing, bracket-creeping, Eskom-succouring stuff. However, for some one of the biggest shocks from finance minister Tito Mboweni was the news that we would soon have yet another tax on fuel: the carbon tax. This filling-station aspect of the carbon tax works out at 9c/l on petrol and 10c/l on diesel. And, of course, it comes on top of the fuel levy and all the other add-ons that are snatched out of the motorists’ pockets while their fuel tank is getting a top-up. Those of us whose day-to-day business involves advising companies on the carbon tax and a cluster of other government sticks and carrots were not surprised by the announcement. The Treasury had briefed MPs and others that there would be a direct impact on the cost of fuel, as well as all the broader effects of this anti-emission fiscal instrument. It is perhaps unfortunate that the rest of the looming carbon tax tsunami did not attract quite...
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