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FF.Com.Au Hardcore
Join Date: Feb 2008
Location: Perth, Northern Suburbs
Posts: 4,881
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So apparently if Each-Way Albo (aka "Greens' Sock-Puppet") moves into the big house,
not only will they remove any import duties on EVs, but they also claim they will except them from FBT Quote:
Exempting EVs (including PHEVs) from FBT is just bat-**** crazy For those not fully conversant with FBT rules, making something exempt, means that you can salary sacrifice it all, and pay not one cent of tax. Whilst novated leases have been a common arrangement, for something that is exempt they will be unnecessary. You can simply buy a car on HP, and have your employer make the repayments, tax free. In fact, if you can afford the cashflow hit, you can simply have your employer buy the car for you. As written, their proposal says that every Australian would be able to be paid upto $77k (plus maintenance and running costs) TAX FREE every year. And why stop at one? If you're a doctor, lawyer, or CEO earning $400K+ a year, get your wife and kids EVs also. Oh, and the best bit, since it includes PHEVS, you never have to plug it in, and can also get your PETROL paid for tax free also. And yes, if it wasn't obvious, this will just be another stupid government move, putting more money into the pockets of the rich. Pensioners, casual and part-time employees won't be able to take advantage of this, and maximum benefit will be available to those with the most disposable income. Last edited by Crazy Dazz; 24-03-2022 at 05:28 PM. |
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