Australian Conservation Foundation calls for cap on fuel tax credits for big business
by Sarah Martin Chief political correspondent from on (#4YNRN)
Environment group says $4.5bn saving should be redirected to rural and regional renewal after bushfires
The Australian Conservation Foundation is calling on the federal government to cap lucrative fuel tax credits for big business, with the $4.5bn annual saving to be redirected to rural and regional renewal in the wake of the summer bushfire crisis.
The environment group's pre-budget submission argues that reform of the fuel rebate - forecast to cost $34bn over the forward estimates - is urgently needed given the scale of devastation caused by the fires, which have seen more than 18 million hectares of land burned across the country.
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