[B2]

The report that I saw stated that they collected $960mil from LCT in the 14/15 FY.         

That was an older link I posted Mondi.  This is the 2015 Budget and it matches what I thought reading somewhere which was around the $4-500M/year. 

To save you reading here is the LCT comments.

LCT receipts are forecast to grow by 7.7 per cent in 2014‑15 in line with stronger‑than‑expected sales of vehicles subject to LCT. Compared with the 2014‑15 MYEFO, over the four years to 2017‑18, LCT receipts have been revised up by $240 million.

http://budget.gov.au/2015-16/content/bp1/html/bp1_bs4-03.htm

[mhh]

Please add the LCT to the list below of abolished taxes for the wealthy.




























Funny about that.

LCT is the perfect tax. Targeted, progressive, easily collected and electorally popular. Get used to it. It isn't going anywhere.

[mondi]

That was an older link I posted Mondi.  This is the 2015 Budget and it matches what I thought reading somewhere which was around the $4-500M/year. 

To save you reading here is the LCT comments.

LCT receipts are forecast to grow by 7.7 per cent in 2014‑15 in line with stronger‑than‑expected sales of vehicles subject to LCT. Compared with the 2014‑15 MYEFO, over the four years to 2017‑18, LCT receipts have been revised up by $240 million.

http://budget.gov.au/2015-16/content/bp1/html/bp1_bs4-03.htm

$240m is a lot less than $960m.......     


$240m doesn't sound like that much really, just put GST up to 20% and drop the LCT.   

[360c]

Please add the LCT to the list below of abolished taxes for the wealthy.














Funny about that.

LCT is the perfect tax. Targeted, progressive, easily collected and electorally popular. Get used to it. It isn't going anywhere.

Remember when duties were circa 100% ?

They do drop taxes occasionally.

[JBO]

I don't think they will drop it, they will rename and reshape it.

In my idealist world the tax would be based on vehicle efficiency and emissions rather than price.
For example, if a manufacturer could deliver a performance car that can return very good fuel economy and low emissions, low or no efficiency tax would be payable.
Under that regime a BMW i8 would attract zero efficiency tax.
On an F12 or Aventador however, I suspect you'd be paying the full amount

Maybe it could be on a sliding scale
above 10L/100km combined cycle - 40% (a lift in the top rate to offset reductions elsewhere)
7-10L/100km - 20%
5-7L/100km - 10%
Below 5L/100km - 5%
Below 3L/100kms or full electric (i.e. Tesla) - 0% efficiency tax and no stamp duty payable

[mondi]

It's not all doom and gloom - with the new threshold this year you will save $400 on a new 911.........           

[NBTBRV8]

The Government has knocked it on the head:

http://www.carsales.com.au/editorial/news/2015/rolls-royce/government-turns-back-on-parallel-imports-100397

[scud]

The Government has knocked it on the head:

http://www.carsales.com.au/editorial/news/2015/rolls-royce/government-turns-back-on-parallel-imports-100397

zagame not in support? What a surprise.

[Condor Man]

The Government has knocked it on the head:

http://www.carsales.com.au/editorial/news/2015/rolls-royce/government-turns-back-on-parallel-imports-100397

This is good for maintaing prices of existing used prestige IMO.

[anotherforumuser]

This is good for maintaing prices of existing used prestige IMO.

Plus the exchange rates are making collector cars like your RS head in the right direction. When we had parity we had massive dumping of UK cars here, now even 360's are going up in price.