ABC NewsMail - Afternoon Edition

NewsMail Afternoon Edition Tue 16 Jul, 2013 Top Stories More Top Stories » $3.8 billion price tag to 'terminate' carbon tax "Terminating" the carbon tax will cost the budget $3.8 billion over the next four years, Prime Minister Kevin Rudd has confirmed. Mr Rudd has released the details of his plan to switch to a European-style floating price system a year early, saying it would lead to a reduction in the cost of living which would save an average family $380 a year from July 1 2014. Speaking in Townsville, he said households would continue to receive financial assistance and businesses would pay less for carbon permits. The cost will be offset by new savings measures, including $1.8 billion raised by changing the fringe benefits tax for cars. More » Crisis centre criticised at toddler killing inquest 30-fold increase in number of Vietnamese seeking asylum Falling dollar could cruel chances of rate cut: RBA Asylum seeker children attempting suicide at Pontville 'prison' Shark kills 15-year-old girl in Reunion More Analysis » Dumping the carbon tax without dumping anything Tony Abbott dined off Julia Gillard's no-carbon-tax promise for three years. Now it's Kevin Rudd's time to dine. Because the Coalition focused its attacks on Gillard's broken promise, it is the carbon tax that is remembered as her folly, not the entirety of her climate change program. Three years later, Rudd can market a minor scheduling change in introducing an ETS as "dumping the carbon tax". Even better, he doesn't have to actually dump anything. More » The cricket curse facing private schoolboys American outrage at an unjust system Rudd's mission to become our most powerful PM We know we're being watched - what now? Rudd should stay strong on climate change A Test match to savour in the winter of our discontent Unionists must have a voice under Labor reforms Our fear of adoptions is hurting vulnerable children Rudd is no Hawke, but business-union truce possible Just In More Just In » Carmakers warn against axing fringe benefits tax to fund carbon policy Carmakers have warned of dire consequences for the automotive industry after the Federal Government proposed changing fringe benefits tax rules to help pay for scrapping the carbon tax. More » Abbott left red-faced over Denison gaffe Identity suppressed as murder accused appears Panama stops N Korean ship over 'missile material' ICAC phone tap reveals mayor's porn report plan Share market flat as investors take a breather Zimmerman trial juror reveals details from deliberations OZ Minerals cuts 61 jobs at Prominent Hill mine Crisis service criticised at toddler killing inquest Apple to investigate claims woman died using iPhone World More World » Panama stops N Korean ship over 'missile material' Panama says it has stopped a North Korean vessel that had sailed from Cuba and allegedly tried to illegally sneak suspected missile material through the Panama Canal. More » Zimmerman trial juror reveals details from deliberations Apple to investigate claims woman died using iPhone Mexico captures kingpin of notorious Zeta cartel Snowden shifting his position to get asylum: Putin US stocks gain as Citigroup profit fuels optimism Business More Business » $3.8 billion price tag to 'terminate' carbon tax "Terminating" the carbon tax will cost the budget $3.8 billion over the next four years, Prime Minister Kevin Rudd has confirmed. Mr Rudd has released the details of his plan to switch to a European-style floating price system a year early, saying it would lead to a reduction in the cost of living which would save an average family $380 a year from July 1 2014. Speaking in Townsville, he said households would continue to receive financial assistance and businesses would pay less for carbon permits. The cost will be offset by new savings measures, including $1.8 billion raised by changing the fringe benefits tax for cars. More » Falling dollar could cruel chances of rate cut: RBA Share market flat as investors take a breather Labourers, sales managers put on ATO hit list 'Fabulous Fab' on trial for lying to investors US stocks gain as Citigroup profit fuels optimism Politics More Politics » Carmakers warn against axing fringe benefits tax to fund carbon policy Carmakers have warned of dire consequences for the automotive industry after the Federal Government proposed changing fringe benefits tax rules to help pay for scrapping the carbon tax. More » Abbott left red-faced over Denison gaffe Education Department heads promise change Rudd says sorry for Kokoda Track 'survivor' comment $3.8 billion price tag to 'terminate' carbon tax Sport More Sport » Marshall leaving Tigers for rugby, manager says By Paul Newman Benji Marshall's manager Martin Tauber says the former New Zealand captain appears lost to rugby league and headed to rugby union. More » Ferguson pleads not guilty to indecent assault charges Fear of failure driving Maroons: Meninga Warner left shattered by first Test omission Reds ready for McCaw return Day confident of his chances at British Open Science and Technology More Science and Technology » Apple to investigate claims woman died using iPhone Apple says it will investigate claims that an iPhone electrocuted a Chinese woman who was making a call while charging the device. More » Caution urged as genetic testing advances Broken tooth in dinosaur's tail 'proves T rex hunted live prey' Research finds sperm link to obesity Ancient underground worms put brakes on major coal seam gas project Environment More Environment » Carmakers warn against axing fringe benefits tax to fund carbon policy Carmakers have warned of dire consequences for the automotive industry after the Federal Government proposed changing fringe benefits tax rules to help pay for scrapping the carbon tax. More » Japan says Australia lied to the world over whaling program Rudd to unveil budget cuts to pay for carbon rethink Federal Government to scrap carbon tax Environmental groups welcome decision to halt CSG drilling About this email You received this email because you are subscribed to ABC News email alerts. This message was sent to you at starnewsposting@gmail.com Please add newslists@your.abc.net.au to your email address book to see images by default and stop the email being treated as spam. This email address is not monitored - Please don't reply to this email. Manage your preferences | Unsubscribe | Contact Us   This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. Australian Broadcasting Corporation, 700 Harris Street, Ultimo NSW 2007 © 2013 ABC | Conditions of Use | Privacy Policy | Discover other ABC Email newsletters