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PUSH FOR NEW TAX ON "GAS GUZZLER" CARS IN AUSTRALIA.
CANBERRA, Sept 1 Asia Pulse - A push to slap an extra tax on "gas-guzzler" cars is gaining momentum.
The federal government wants to increase the luxury car tax - from 25 per cent to 33 per cent - on vehicles worth more than ,180 ($US48,934.64), but is facing a opposition in the Senate, where it does not hold a majority.
The coalition says it will not support any tax increase on luxury cars while the Greens, who hold five of the seven the balance of power votes in the upper house, want it imposed on high-emission vehicles.
The luxury car tax is scheduled for debate in the Senate today, where it could be in for a rough ride.
Greens leader Bob Brown says the tax hike should be recast as a tax on high-emissions vehicles.
The Greens would try to get the bill redrafted to focus on "gas guzzlers".
"We want ...
- Tax Office announces luxury car tax threshold.
- Press release article from: M2 Presswire June 8, 2000 700+ words
...2000-ATO: Tax Office announces luxury car tax threshold (C)1994-2000 M2...Michael Carmody today announced the luxury car tax threshold and said the indexed...luxury cars' in A New Tax System (Luxury Car Tax) Act 1999, with a luxury car...
- CHINA'S LUXURY CAR DEALERS HALT SALES BEFORE CAR TAX HIKE.
- News wire article from: AsiaPulse News August 18, 2008 700+ words
...their sales and seeking higher prices before the passenger car tax rise is to finally start on Sept. 1, locally based paper...consumption. To beat the tax consumers may buy now, causing luxury car dealers of brands like BMW to temporarily halt their sales...
- Application Of The Luxury Car Tax.
- News wire article from: Mondaq Business Briefing May 26, 2009 700+ words
...car', will now be subject to Luxury Car Tax ("LCT") on top of GST and...be caught by the tax if their luxury car tax value exceeds the threshold...defined in A New Tax System (Luxury Car Tax) Act 1999 ("LCT Act"). General...
- LUXURY CAR TAX INQUIRY REPORT DUE OUT IN AUSTRALIA.
- News wire article from: AsiaPulse News August 28, 2008 700+ words
...Australians may know a little more about the proposed luxury car tax today when a Senate committee tables a report from an...add to inflation pressures. The Tax Laws Amendment (Luxury Car Tax) Bill has been delayed in the upper house while the...
- AUSTRALIAN GOVT'S LUXURY CAR TAX INCREASE VOTED DOWN IN SENATE.
- News wire article from: AsiaPulse News September 4, 2008 700+ words
...Sept 4 Asia Pulse - The Australian government's luxury car tax increase has been defeated in the Senate. Family First...recommitted. The government wanted to increase the luxury car tax from 25 per cent to 33 per cent on vehicles worth more...
- AUSTRALIAN COALITION FAILS TO AMEND LUXURY CAR TAX HIKE BILL.
- News wire article from: AsiaPulse News September 23, 2008 700+ words
...opposition proposal to have the government's planned luxury car tax increase applied only to vehicles worth more than...34. The government's legislation seeks to lift the luxury car tax, which applies to cars worth more than $57,180...
- FRUSTRATION FOR AUSTRALIA'S AUTO INDUSTRY OVER LUXURY CAR TAX.
- News wire article from: AsiaPulse News June 24, 2008 700+ words
...car industry is deeply frustrated by plans to make the luxury car tax retrospective once the legislation is passed, its peak...Abetz told reporters. "Let's keep in mind with a luxury car tax that it didn't go to the industry, it wasn't modelled...
- Luxury Car Tax Will Soon Ride Off into the Sunset.
- Newspaper article from: Knight Ridder/Tribune Business News December 27, 2002 700+ words
...Knight Ridder/Tribune Business News Dec. 27--The luxury car tax doesn't carry nearly the wallop it did a decade ago...trucks, vans and large SUVs remain exempt. 2003: Luxury car will be phased out. -- SOURCE: Edmunds.com To...
