4WD tax breaks in danger

Submitted: Wednesday, Apr 05, 2006 at 08:28
ThreadID: 32539 Views:3375 Replies:5 FollowUps:8
This Thread has been Archived
Click the link to read the rest, Looks like the buffoons are at it again

TAX breaks on fuel-guzzling four-wheel-drives would be scrapped and spent on eco-friendly cars under a state push to slash national fuel consumption.

The Queensland Government is calling for import tariff subsidies on four-wheel-drives to be redirected to hybrid-electric vehicles, such as Toyota's Prius.

In a submission to a Senate inquiry on Australia's future oil and fuel needs, it argues more needs to be done to encourage the take-up of fuel-efficient vehicles. "In light of rising fuel demand and fuel prices, any further review of tariff policy needs to consider whether low-emission, fuel-efficient vehicles such as hybrid-electric vehicles should receive favourable tariff, and other tax treatment," the state's submission said.

Tax breaks for four-wheel-drives, which take about $2000 off the purchase price, were introduced to benefit farmers. But Queensland's submission says the subsidy is being exploited by increasing numbers of urban motorists who never venture outside city limits.

"The majority of four-wheel-drives, which account for more than 20 per cent of the passenger vehicle market, are not being used for off-road purposes yet they receive a tariff advantage over more fuel-efficient passenger vehicles."

Sales of four-wheel-drives have been rising for the past decade, with more than 180,000 sold nationally last year. A recent study found most owners were now women aged 35-49.

Site Link

gift by Daughter

Lifetime Member
My Profile  My Blog  Send Message

Back Expand Un-Read 0 Moderator

Sponsored Links