[Swagman]

http://www.dailytelegraph.com.au/business/companies/australian-securities-investments-commission-reports-record-company-closures-many-blame-carbon-tax/story-fndfr3g3-1226599283585

THE carbon tax is contributing to a record number of firms going to the wall with thousands of employees being laid off and companies forced to close factories that have stood for generations.
Soaring energy bills caused by the Government's climate change scheme have been called the "straw that broke the camel's back" by company executives and corporate rescue doctors who are trying to save ailing firms.

New data from the corporate regulator reveals insolvencies have hit a record high over the past 12 months, led by widespread failures in manufacturing and construction, which accounted for almost one-fifth of collapses.

The Australian Securities & Investments Commission reports there were 10,632 company collapses for the 12 months to March 1 - averaging 886 a month - with the number of firms being placed in administration more than 12 per cent higher than during the global financial crisis................

Hey but we're saving the world by stopping the sky from falling, too bad that its at the expense of business competitiveness and employment growth.

I'm sure this relevation will add to both Julia's and the Govt's popularity......not

[pugsville]

READ the article understand it then post it. The Article says not such thing, it's a case of appallingly bad headline, bad journalism. The Article simoply says the ASIC reports says the number of firms in insolvencies is up 12%. Thats all the ASIC report says.

Attributed it to the carbon tax is not by the ASIC report it's by company executives and "experts; which are quoted through the article.

The Real Headline is "ASIC report says insolvencies up 12% company executives blame carbon tax"

Company executives and consultants using the media to pressure government/create the impression with the public that corporate taxes/costs should be lower is harder news. It's like when some company executive goes on about Australian Jobs, companies simply dont care, their investors dont care, there are in Buenos to make money, weather it employs australians or not.

So Executives and constantlts are not missing a chance for propaganda that is likely to make their business costs lower. Not news, There is nothing in the artcile or the ASIC report that tie sit to the Carbon tax.

Sloppy Reporting.

Sloppy Linking,


-------------------------
"Soaring energy bills caused by the Government's climate change scheme have been called the "straw that broke the camel's back" by company executives and corporate rescue doctors who are trying to save ailing firms.

New data from the corporate regulator reveals insolvencies have hit a record high over the past 12 months, led by widespread failures in manufacturing and construction, which accounted for almost one-fifth of collapses.

The Australian Securities & Investments Commission reports there were 10,632 company collapses for the 12 months to March 1 - averaging 886 a month - with the number of firms being placed in administration more than 12 per cent higher than during the global financial crisis.
While the high Australian dollar is seen as the main factor behind manufacturing closures, experts say the carbon tax is adding to increasing cost burdens for many firms struggling to stay afloat.

Peter Macks, principal of Adelaide-based insolvency firm Macks Advisory, said the carbon tax was "quite debilitating" for a number of hotel operators who he said had been "struggling for a long time"...."

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[Swagman]

Like it says the Carbon Tax is killing business.....

[mikema63]

Businesses that were only profitably by shoving costs onto innocent bystanders through negative externalities.

[pugsville]

But the Title of this thread that ASIC said so is WRONG.

You have preconceived prejudices and you are posting inaccurate stuff to support them. What's you problem you cant say you were wrong? The title of this thread is WRONG, man up.

[Rainbow Crow]

Businesses that were only profitably by shoving costs onto innocent bystanders through negative externalities.

Wow, you really have moved away from anarchism

[GandalfTheGrey]

The Article says not such thing, it's a case of appallingly bad headline, bad journalism.

Australian Securities & Investments Commission reports record company closures, many blame carbon tax

Was this changed by the tele?

But the Title of this thread that ASIC said so is WRONG

correct - title has been edited.

[mikema63]

Wow, you really have moved away from anarchism

It's the same opinion I've always had.

[Swagman]

correct - title has been edited.

You should put your hand up for the "Public Interest Media Advocate" job.