The State Government has budgeted on bagging nearly $2 billion by charging NSW's three electricity distributors a faux form of tax - "income tax equivalents", as it is called in bureaucratic babble.
State governments levy income tax equivalents on their public sector instrumentalities because those businesses do not have to pay tax to the Federal Government, as private companies do.
But the three power distributors - Country Energy, Integral and EnergyAustralia - have no private sector rivals in NSW, so it's not as if they are getting an advantage over other businesses.
Income tax equivalents are forecast to bring the Government $1.87 billion in the next four years. Read more.
Jason Morrison talks to John Rolfe - The Daily Telegraph – regarding the rising cost of electricity
State governments levy income tax equivalents on their public sector instrumentalities because those businesses do not have to pay tax to the Federal Government, as private companies do.
But the three power distributors - Country Energy, Integral and EnergyAustralia - have no private sector rivals in NSW, so it's not as if they are getting an advantage over other businesses.
Income tax equivalents are forecast to bring the Government $1.87 billion in the next four years. Read more.
Jason Morrison talks to John Rolfe - The Daily Telegraph – regarding the rising cost of electricity