Which Stocks are Affected by the Carbon Tax?

Australian Carbon Tax Affect on Stocks and the Stock Market

On Sunday July 10th this year, the Australian Labor Gillard Government announced a new carbon tax to be levied on the top 500 polluters in Australia. The companies would be taxed at $23 per metric tonne of carbon emissions starting at the beginning of the 2012-2013 financial year, July 1, 2012. The release of the news of the carbon tax has certainly affected stock prices across the Australian stock market and may affect your share trading.

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