BHP boss Marius Kloppers: It's time for carbon tax

In order to protect Australia’s long term economic growth, the largest mining company, BHP urged Gillard government to impose carbon tax and maintain the terms of pre-lection mining tax.BHP chief executive Marius Kloppers believed that carbon tax will eventually be executed by various countries. Therefore, Australia is encouraged to take the lead to sustain its international competitiveness. He even pointed out that existing emission rebate system is only the transfer of emissions in different countries. Suggestions have also been proposed. Kloppers called for individual and corporate tax concessions which are more beneficial. All these tax reform should be carried out by government as no companies are willing to pay extra tax voluntarily. Climate Change Minister Greg Combet said he welcomed Mr Kloppers's contribution to the climate change debate and he will be working with other parliamentarians, the business community and the environmental movement to build consensus and to discuss the best way to achieve a price on carbon.