Thieving OZschwitz Government gets more revenue than Porsche does as the importer and wholesaler, and what our dealers do as retailers, combined

What's going on?

Thieving OZschwitz Government gets more revenue than Porsche does as the importer and wholesaler, and what our dealers do as retailers, combined ArticleLeadwide-the-federal-government-pockets-more-cash-than-porsgv3ii4

Thieving OZschwitz Government gets more revenue than Porsche does as the importer and wholesaler, and what our dealers do as retailers, combined ArticleLeadwide-the-federal-government-pockets-more-cash-than-porsgv3ii4

High-end luxury cars cost more in Australia than many other places.

Part of that is because we're a long way from manufacturing centres in Europe, Japan and the Americas, because our cars are made in a less common right-hand-drive layout, and because luxury cars have a higher than usual standard specification here.

But those factors are much less significant than the Federal Government's luxury car tax.

Australian motorists pay a significant tax on new vehicles priced above a threshold that changes from year to year.

The Turnbull Government announced this week that the luxury car tax (LCT) is here to stay for another 12 months, and that the threshold has shifted slightly, climbing to $65,094 for the 2017-18 financial year for cars that use more than 7L/100km, and remaining steady at $75,526 for cars that use less fuel than that.

http://www.drive.com.au/motor-news/the-breakdown-luxury-car-tax-20170603-gwjmpt.html

Thieving OZschwitz Government gets more revenue than Porsche does as the importer and wholesaler, and what our dealers do as retailers, combined

Thieving OZschwitz Government gets more revenue than Porsche does as the importer and wholesaler, and what our dealers do as retailers, combined

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