ARA expresses concern over carbon tax legislation
Earlier this week, the government passed the much-discussed carbon tax legislation, but the move has caused the Australian Retailers' Association (ARA) to express concern about the ramifications of the bill.
Russell Zimmerman, executive director of the body, suggested that the economy could falter as a result of the tax, adding that it could dent the confidence of consumers, who may purchase goods from outlets with credit cards.
He observed that many retailers are already struggling to cope with the costs involved in running their businesses.
"ARA is worried about the effect on consumer confidence as Australians are faced with more household costs and taxes than their budgets can handle," he added.
Mr Zimmerman called on the government to reconsider the bill, suggesting that it will have little environmental benefit and could prove disastrous for shops in the country.
This comes after figures from the Australian Bureau of Statistics revealed a 0.6 per cent increase in turnover recorded by retailers during August.
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