Let's talk about tax.

The article discusses the Carbon Pollution Reduction Scheme Green Paper in Australia. Chris Leach, tax partner at Deloitte Touche Tohmatsu, states that the release of the green paper provided a degree of clarity, especially in dealing with the core issue of how to treat carbon-emissions permits for tax purposes. However, in an effort to create a simple and largely tax-neutral framework in which the carbon emissions trading system can operate, the paper has left some areas for discussion.