Cutting fuel excise is like cutting carbon taxes

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Alan Kohler has rubbished calls to reduce the fuel excise in response to rising petrol prices, claiming it would be equivalent to cutting carbon taxes:

Petrol excise is Australia’s de facto carbon tax… It’s already one of the lowest gasoline taxes in the world…

Australians still enjoy fairly low petrol prices – in most European countries they are 30 per cent higher than here, although in the US they are 30 per cent lower.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.