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Towards a green budget: the coming Budget presents the new Government with an unparalleled opportunity to ensure a sustainable and prosperous future for Australia. But will it be an opportunity wasted or seized?

THE 2008-09 BUDGET will be handed down in Federal Parliament on May 13, and according to ACE it's time for a green budget.

To begin with, the Government can generate significant savings by phasing out existing tax and spending concessions that promote greenhouse gas emissions. These savings can be re-invested in initiatives for environmental modernisation, including energy and water efficiency, environmental protection and appropriate economic development.

Get rid of tax breaks that encourage polluting activities

The Fringe Benefits Tax concession for the private use of company cars costs Australian taxpayers more than one billion dollars a year. It contributes no ...

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