Ditch the tax, reap the profit

Swan MHR Steve Irons and wife Cheryl Irons with Japanese Prime Minister Shinzo Abe.
Swan MHR Steve Irons and wife Cheryl Irons with Japanese Prime Minister Shinzo Abe.

Mr Abbott said TNT’s power bills had gone up about 25 per cent in the last two years and the carbon tax was a 9 per cent impost on power bills.

He said the tax was as a $9 billion a year handbrake on the economy.

Last week, Mr Irons said the historic signing of the Japan-Australia Economic Partnership Agreement last Tuesday would also bring savings to businesses and residents.

It would create cost savings for many Japanese car dealerships, he said.

‘Under this agreement, the 5 per cent tariff on Japanese car imports will be removed immediately on 75 per cent of Japanese cars and completely removed over three years, which will have a significant flow-on effect to consumer prices.’

Mr Irons said the agreement would give Australian industries prime access to Japan’s investment and export markets, and consumers could expect savings.