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Dealers slam FBT 'tax grab'

Mr Laundy said the changes would impact on families already facing cost of living pressures.
News Community Newspapers

24 Jul 2013 • 2 min read

Inner west car dealers met Opposition treasury spokesman Joe Hockey and Reid Federal Liberal candidate Craig Laundy recently to discuss the controversial changes to the fringe benefits tax.

Car dealers and representatives of the Motor Trader's Association visited Suttons Holden Homebush to talk about the Federal Government's removal of the fringe benefits tax concession on vehicles.

Craig Sutton from Suttons Holden, John Altomonte from Alto Ford, Nick Karagiannis from Larke Hoskins Honda and Greg Hatton from the Motor Traders Association said the "tax grab" would cost 320,000 Australians an average of $1400 a year. Mr Laundy said the changes would impact on families already facing cost of living pressures.

"Local car dealers have told us these changes will have a big impact on their dealerships with salary-sacrificed and employer-provided cars amounting to a significant portion of their business,'' he said. "They are another kick in the pants to Australia's automotive industry, but more importantly they will hurt local businesses and families.''

However, Reid Federal Labor MP John Murphy defended the changes. "The changes to the FBT do not prevent people from claiming legitimate business expenses they do not affect tradesmen and users of commercial fleets,'' Mr Murphy said.