The Morrison Government is being urged to remove Australia’s 33% luxury car tax following the demise of the local car assembly industry. From The AFR:
Treasury is consulting on plans to extend a refund scheme for primary producers and tourism business operators, saving owners up to $10,000 on luxury car purchases…
Farming advocates welcomed the refund scheme rate change, subject to a Treasury consultation under way until mid-August… But Institute of Public Accountants senior tax adviser Tony Greco told The Australian Financial Review the tax should be abolished altogether.
