39114 views

0 Members and 1 Guest are viewing this topic.


Offline Aircon

  • Master Baiter 300kph+ club
  • Who said it couldn't be done?

  • Joined: Mar 2007

  • Drives: Pork
  • Location: Melbourne, Australia
  • Name: Peter
Wasn't the original point of LCT aimed at protecting local vehicle industries?  If that's so, then why not have a ceiling threshhold of say $80k?  I mean how many locally produced cars are beyond this point - why gouge consumers who aren't the least bit interested in the sub-par products available domestically?

Otherwise - I don't see why they don't just put a "luxury tax" on *anything* which is more than you need as a regular citizen.  You don't need a 90 inch plasma, and why buy a $30 bottle of wine when you can get a 5lt box of it for $8 bucks?  Surely a $45 steak is un-necessary when you can have a meat pie for $4.

So - bring in a lux tax on *everything* which is a luxury or fuck it off all together cos it's so bloody hypocritical.

Sorry - just felt in the mood for a rant.  :agro:

of course, import duty was invented for the same reason...to protect the local industry. originally it all added up to almost 100% which was pretty bad!

I love my car. Buy your own



Offline AshSimmonds

  • Geekitecht

  • Joined: Feb 2006

  • Drives: GF's shitbox :(
  • Location: Adelayed
  • Name: Humble Narrator
  • www: AshSimmonds.com
of course, import duty was invented for the same reason...to protect the local industry. originally it all added up to almost 100% which was pretty bad!

Funny - that mag I got off eBay for the Lambo Jalpa article a few months ago has a feature article about personally importing cars like Porsches etc and provides a break-down of costs/taxes/etc and shows whether you save over buying locally - it's intriguing reading from 1988ish.  I don't have a scanner but I might photo it and post it up on the weekend.



Offline AshSimmonds

  • Geekitecht

  • Joined: Feb 2006

  • Drives: GF's shitbox :(
  • Location: Adelayed
  • Name: Humble Narrator
  • www: AshSimmonds.com
Also - why does this money go to govt?  They're "protecting" local industry by providing a disincentive to engage in commerce overseas, but if they weren't a pack of hypocritical c*#ts the money that they *do* get through duties/taxes on these things by the diabolical unAustralian people shopping O/S should be injected directly back into the industries which you have so callously neglected - and be done *transparently*.



Offline Aircon

  • Master Baiter 300kph+ club
  • Who said it couldn't be done?

  • Joined: Mar 2007

  • Drives: Pork
  • Location: Melbourne, Australia
  • Name: Peter
Funny - that mag I got off eBay for the Lambo Urraco article a few months ago has a feature article about personally importing cars like Porsches etc and provides a break-down of costs/taxes/etc and shows whether you save over buying locally - it's intriguing reading from 1988ish.  I don't have a scanner but I might photo it and post it up on the weekend.

yeah. many people took delivery of their ferraris etc at the factory, drove them around europe for a couple of months and then brought them back. the savings in duties and taxes more than paid for the holiday (plus...what's the cost of an experience like that anyway? )

I love my car. Buy your own



Offline TTz

  • Mr White

  • Joined: Jun 2007

  • Location:
  • Drives:
Well lets start on what the pollies have supplied as part of their job...
Super - way above anything else
Travel , meals, just about everything they do...

What about their meals provided when they actually sit in the senat ?.. do they contriute any FBT ? They're not eating a plain meal... its all five star.... on us the tax payers.

This government is about taxing and nothing more....

I think it only fair someone raise the point that they should be paying FBT , have the same super contribution at 9%... Not get tax free allowances for everything.
Dont get drivers to pick them up from home and take them to their normal place of work... Where is the fucking FBT in that ?

Just waite until they start taxing every little luxury....

The only reason they go into politics and earn shitty wages is that 99% of them cant make it in the real world.

FUCKERS !!!!!!!!!!!!

LCT - Im just not going to buy another new one for a few years....
Lets watch the market drop out of resale prices...




[url=http://aussieexotics.com/forum/lamborghini/mr-White-



Offline AshSimmonds

  • Geekitecht

  • Joined: Feb 2006

  • Drives: GF's shitbox :(
  • Location: Adelayed
  • Name: Humble Narrator
  • www: AshSimmonds.com
 :rolleyes: :banghead:

Quote
LCT rise still alive

The fate of the controversial luxury car tax bill could be determined next week

By MARTON PETTENDY

THE future of the federal government’s proposed eight per cent luxury car tax (LCT) increase could fi nally be decided next Monday (September 15) during parliament’s next sittingday – unless it is defeated and reintroduced with amendments at a later date.

In the meantime, the Australian Tax Office (ATO) has advised the automotive industry to continue to collect LCT at the higher 33 per cent rate (up
from the previous 25 per cent, which applies to the amount by which a vehicle’s sales price exceeds $57,180) that the Rudd government announced in its May budget for vehicles delivered from July 1.

In a complicated arrangement, the government must receive permission from the senate to revive its “Tax Laws Amendment (Luxury Car Tax) Bill and related Bills”, which was defeated in the senate last Thursday (September 4) when Family First senator Steve Fielding sided with the Coalition to defeat it at its second reading stage.

If the senate approves its reintroduction, the LCT bill would again be read a second time in parliament on Monday, before being debated and put to a vote. If blocked again, it is understood the bill could not be revived without amendments.

The latter could include a deal struck between the Australian Greens and independent senator Nick Xenophon to exempt vehicles priced under $75,000 with fuel consumption of less than 7.0L/100km, which was rejected by senator Fielding, who called for farmers and tourism operators to be exempt from the tax increase.

Senator Fielding, who did not attempt to amend the bill and whose proposal was met with government claims of “compliance nightmares”, was accused by the Greens of inexperience for voting down the LCT bill without negotiating concessions. 

Greens senator Bob Brown said senator Fielding could have voted for the bill and then helped send it to a senate committee to obtain concessions. “Instead of that, he said it’s all or nothing, I’ll take nothing,” said senator Brown.

“You can’t rip $500 million out of the treasury which could go to helping families right across the board and say you’re a defender of family interests. It showed inexperience.”

The federal government last week said it would not give up on its LCT bill, which it said would generate an extra $555 million over four years, but it is not known which way the Greens and the two independent senators, who collectively hold the balance of power in the senate, will vote on Monday.

“The government is not giving up the fight to defend this budget,” the government’s leader in the senate, Chris Evans, told the senate last week. “We’re not giving up the fight to have the luxury car tax bill carried by the parliament.

“Next sitting week we will attempt again to get the Liberals to become responsible,” said senator Evans, referring to the bill’s defeat before any detailed debate and before senators could move amendments.

“Unfortunately that knocks a half a billion hole in the government’s surplus,” he said.

Federal treasurer Wayne Sawn reiterated senator Evans, saying: “The government is determined to stand up for working families against the Liberals’ reckless economic vandalism and will reintroduce this luxury car tax bill in its current form as soon as possible”.

Prime minister Kevin Rudd said in parliament last week that the Liberal party had more concern for luxury car buyers than “working families” because the increased LCT revenue would have funding more public services.

“They, the Liberal party, stand for cheaper Porsches. That is their message: cheaper Porsches, cheaper Ferraris and cheaper Rolls-Royces,” he said.

However, Mercedes-Benz has calculated that, based on the 20 per cent sales reduction it has experienced since July, government revenue from the LCT, GST and import duty charges on its vehicles alone will be reduced by $218 million over four years.

Combined with lower estimates from volume-selling luxury brands BMW, Lexus and Audi, plus those of at least 14 other luxury brands, some industry observers maintain the government will be worse off if the LCT bill is introduced.

According to the Federal Chamber of Automotive Industries (FCAI), sales of vehicles priced above the LCT threshold were down 19.3 per cent in August, in line with the July downturn that followed a significant sales spike in June, when many luxury car buyers appeared to pull forward their purchases.

“The government says it has a $555 million hole in its budget, but they are going to get that anyway if sales continue the way they are,” the senior manager of corporate communications at Mercedes-Benz Australia/Pacific, David McCarthy, told GoAuto.

“They are trying to protect the revenue. What we are trying to do is stop this ‘adjustment’ in the market, which is a direct result of the luxury car tax uncertainty. Obviously, interest rates have also been a factor, but clearly people object to this.”

One of its most vocal opponents, Mr McCarthy again described the LCT bill as a “tax on technology” that would also cost industry jobs and future investment.

“We based our business plan on sales volumes at five per cent import duty, 10 per cent GST and 25 per cent LCT. Now, if it turns out that the LCT is 33 per cent and import duty stays at 10 per cent, then you’re looking at very significant changes in retail prices, which will affect sales.

“We will invest $110 million next year in dealership upgrades, and that depends on a certain level of sales. About 100,000 cars were last year subject to LCT, with imports accounting for about 80 per cent.

“It (the LCT bill) has implications on the level of investment and therefore employment. We directly employ over 1000 people, and our dealers have another 1100 staff. The government made a decision without consultation based on spurious figures, but there are thousands of working families who depend on importers for their jobs.

“The FCAI has done a fantastic job on this issue, but the government’s level of engagement is so poor, you have to wonder if they’ve taken their eye off the ball. It has become a political issue that fails to take into account the reduced sales that have resulted.

“The government says its budget surplus is $22 billion and some say it is as high as $30 billion, so in the scheme of things $555 isn’t a lot.

“It can only damage the industry, but it appears the government is not going to give up on this. I can tell you neither are we. We are absolutely committed,” said Mr McCarthy.

The FCAI said last week that new-car dealers had already collected an estimated $15 to $20 million in increased luxury car taxes, which will have to be given back to car buyers if the bill is not introduced.

But the ATO and one of Australia’s largest dealer representative bodies, Deloitte Motor Industry Services, which represents more than 600 retail outlets covering all of the major luxury brands, has advised dealers to hold on to the money until the outcome of the second attempt to pass the bill is known.

Victoria’s peak automotive industry body, the VACC, last week welcomed the LCT bill’s defeat in parliament.

“Today, we and Australian car dealers have been vindicated. The senate has agreed with us that the eight per cent increase is unfair and the proposal to back-date it contravenes accepted taxation principles,” VACC executive director David Purchase said on September 4.

“The government’s proposal created confusion in the market place, an extra administrative burden on car dealers and anger among consumers. Now the government must now clear up the mess.

“Car dealers were put in an impossible position by being forced to collect a tax before the increase was ratified. Today’s announcement is a positive, but car dealers are still facing uncertainty and need answers to questions such as: ‘What do we do with the money collected?’

“VACC will continue to press for the abolition of the LCT completely. It is unfair and discriminatory as it singles out cars as luxury items while no other goods, we are aware of, attract a luxury tax. At the very least, the government must increase the LCT threshold to $75,000 or even $100,000,” said Mr Purchase.

The FCAI echoed the VACC’s response the same day.

“This was always bad policy and the Senate was right to reject it,” said FCAI chief executive Andrew McKellar.

“This is a vital reprieve for the Australian car industry and it’s hoped that this will provide a confidence boost to the industry at a time when there are clear signs of a market slowdown.

“It is a sensible outcome for small businesses, particularly tourism operators, farmers and those living in rural and regional areas who would have been slugged with this unnecessary and unfair tax hike.

“The senate acknowledged that many people in these circumstances rely on vehicles affected by the tax for their livelihood and safety.

“It is essential that the luxury car tax itself now be re-examined in full as part of the review of the tax system being conducted by treasury secretary, Ken Henry,” said Mr McKellar.

http://www.goauto.com.au/mellor/mellor.nsf/story2/677B5E377663097FCA2574BF0013B7EE



Offline jim501

  • Idiot Seeking Village

  • Joined: Apr 2006

  • Location: Brisbane
  • Name: Cam
Geez Fielding is getting a raping



Offline CortinaD


  • Joined: Jan 2008

  • Location:
  • Drives:
from the jists of what I heard on news radio tonight this has now been passed.



Offline AshSimmonds

  • Geekitecht

  • Joined: Feb 2006

  • Drives: GF's shitbox :(
  • Location: Adelayed
  • Name: Humble Narrator
  • www: AshSimmonds.com
http://www.businessspectator.com.au/bs.nsf/Article/The-luxury-car-tax-farce-JQ4BZ?OpenDocument

Quote
The luxury car tax farce

The debate about the increase in the luxury car tax (LCT) looks as though it may continue into October, with the government relying on a couple of messy amendments to eventually bring the minorities onside.

The LCT was born in 1986 and has been through many, often convoluted, iterations since.

It was originally introduced as part of the wholesale sales tax (WST) regime which had a number of levels of tax, including one that covered “luxury” goods.

But by the 1980s most of these goods, including watches, clocks and televisions were hardly luxuries.

The structure of the WST system provided the basis for luxury cars to be taxed at a higher rate than other vehicles, joining jewellery, fur skins and a range of not so luxurious objects. But even then there was a difference between cars and other goods – only for cars did the tax percentage vary because of price.

Even with the introduction of GST in 2000 the luxury tax remained, with only luxury cars taxable above the standard 10 per cent.

Why does one item of spending deserve such discrimination? Well-off Australians can spend as much on luxury cruises and expeditions as they do on cars, paying little in Australian GST – or they can splurge on jewellery, expensive imported appliances, entertainment systems but pay just the standard 10 per cent.

There is a logic in higher taxes on fuel, alcohol and tobacco. But what is the logic of a penalty tax on cars that are a bit more expensive than the norm?

We might have hoped that the “Henry” review of the Australian taxation system would lead to the abolition of the LCT, but now we have a higher tax and a messier structure.

At a time when fuel prices and environmental considerations demand we rapidly upgrade our vehicle fleet, we need to dismantle the stamp duties and fees that hinder car sales and avoid the extra impost.

Richard Johns is the principal of Australian Automotive Intelligence.



Offline AshSimmonds

  • Geekitecht

  • Joined: Feb 2006

  • Drives: GF's shitbox :(
  • Location: Adelayed
  • Name: Humble Narrator
  • www: AshSimmonds.com
God it's such a waste of time even bothering to care about shit like this, no wonder people like me have voter apathy.

http://www.news.com.au/heraldsun/story/0,21985,24394501-662,00.html

Quote
Luxury car-tax deal struck

THE Federal Government's luxury car tax rise finally passed Parliament's Upper House last night, after being heavily amended by crossbench senators.

The Government's four Bills seek to lift the luxury car tax, which applies to cars worth more than $57,180, from 25 per cent to 33 per cent.

The Bills were defeated in the Senate this month after Family First senator Steve Fielding sided with the Coalition to vote it down. But the Government resurrected the plan after a deal with Senator Fielding to exempt primary producers and tourism firms.

His amendment was approved last night against Coalition wishes.

A Greens amendment that the tax would no longer apply to cars valued up to $75,000 that use no more than 7L/100km was passed.

Twenty-five imported cars, including the Audi A4, BMW 3-series and the Jaguar X-type, will be exempt as a result.

Greens senator Christine Milne said: "We are delighted that the Government has worked with us to move towards greener cars."

But Coalition frontbencher Eric Abetz said only about 1500 of the one million cars sold in Australia each year would be affected.

"Nobody could argue that this is going to have a serious impact on climate change," he said.



Related Topics

  Subject / Started by Replies Last post
74 Replies
20097 Views
Last post Thu, 31 Oct, 2013 - 13:35
by isc-australia
17 Replies
5879 Views
Last post Tue, 18 Mar, 2014 - 13:51
by mondi
2 Replies
1501 Views
Last post Thu, 21 Aug, 2014 - 17:08
by isc-australia
CAR TAX CRACKDOWN

Started by 360c « 1 2 ... 8 9 » Cars

86 Replies
16465 Views
Last post Tue, 03 May, 2016 - 21:21
by robertb
3 Replies
611 Views
Last post Mon, 05 Dec, 2016 - 15:49
by E7ITE


Latest Discussions