Feature Article: VACC labels the Luxury Car Tax LCT a Ridiculous Shambles
The VACC has labelled the Rudd Labor Government’s proposed Luxury Car Tax (LCT) a ridiculous shambles and we cannot help but agree.
The Rudd Government has announced that the LCT is to increase from its current 25 percent rate to 33 percent from July 1, irrespective of whether the increase passes Parliament or not. Given that the Senate has referred the Bill to a Committee that is not due to report until at least August 26 this year, this is a curious decision.
According to the VACC, new car... continue reading