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luxury car tax 2017 Tax luxury indiamart

As luxury car sales continue to surge in Australia, the prospect of revisiting the country's Luxury Car Tax is being put under the microscope, with the government set to negotiate new trade deals with the U.K. and the E.U. in the coming months. Petitions to abolish the tax for electric vehicles, which have gained traction among motorists and political parties alike, are adding a new dimension to discussions about the tax, which currently targets vehicles valued over $66,331 AUD.

Luxury Car Tax: Background and Controversy

The Luxury Car Tax was introduced in Australia in 2000 and, since then, has been a contentious topic. The tax is levied on cars that retail for over $66,331 AUD, in addition to other fees such as sales tax, and it can add significant costs to a vehicle's sale price. Proponents of the tax argue that it is necessary to level the playing field between luxury cars and more affordable models, while detractors claim that it is a regressive tax that punishes those who can afford to purchase high-end vehicles.

Some of the other criticisms of the Luxury Car Tax include:

  • It disproportionately affects rural Australians, who may need larger or more powerful cars to navigate unsealed roads effectively.
  • It discourages residents from purchasing locally produced vehicles, as many luxury car models are imported.
  • It places an additional burden on the automotive industry at a time when it is already facing significant challenges in the form of emissions regulations and declining sales.

Petition for Change

In July 2020, an online petition for the abolition of the Luxury Car Tax for electric vehicles (EVs) garnered more than 7,800 signatures. In response to the petition, Josh Frydenberg, the Treasurer of Australia, acknowledged the growing popularity of EVs and indicated that the government was "always looking to support the uptake of this new technology".

The Future of the Luxury Car Tax

As Australia prepares to negotiate post-Brexit trade deals with the U.K. and the E.U., the Luxury Car Tax is likely to be one of many topics up for discussion. While the tax is unlikely to be scrapped altogether, changes to its structure and thresholds may be on the cards. There is also the possibility that the government will consider exemptions for EVs, which would align with its stated goal of encouraging Australians to embrace clean energy and reduce greenhouse gas emissions.

Conclusion

The Luxury Car Tax remains a controversial issue in Australia, with supporters and detractors making valid arguments on both sides of the debate. As the country moves towards a carbon-neutral future, however, it seems likely that the government will need to reevaluate the role that the tax plays in the automotive industry and its impact on motorists of all stripes. Whatever the outcome of these discussions, it is clear that the future of the Luxury Car Tax remains up in the air, and that there will be plenty of opinions on all sides until a resolution is reached.

Recipes

Lemon and Herb Roast Chicken

Ingredients:

  • 1 whole chicken
  • 2 cloves of garlic, minced
  • 1 lemon, sliced
  • 1/4 cup fresh herbs (such as rosemary, thyme, and parsley), chopped
  • 2 tablespoons olive oil
  • Salt and pepper

Instructions:

  1. Preheat oven to 425 degrees F (220 degrees C).
  2. Pat the chicken dry with paper towels and season generously with salt and pepper.
  3. In a small bowl, mix together the garlic, herbs, and olive oil.
  4. Gently lift the skin of the chicken and rub the herb mixture underneath, spreading as evenly as possible.
  5. Stuff the cavity of the chicken with lemon slices and extra herbs, if desired.
  6. Place the chicken in a roasting pan and cook in the preheated oven for approximately 1 hour and 20 minutes, or until the internal temperature reaches 165 degrees F (74 degrees C).
  7. Remove the chicken from the oven and let it rest for 10-15 minutes before carving.

Mixed Berry Crumble

Ingredients:

  • 4 cups mixed berries (such as strawberries, blueberries, and raspberries)
  • 1/4 cup sugar
  • 1/4 cup flour
  • 1/4 cup rolled oats
  • 1/4 cup unsalted butter, chilled and cut into cubes

Instructions:

  1. Preheat oven to 375 degrees F (190 degrees C).
  2. In a large bowl, mix together the berries, sugar, and flour, and transfer the mixture to a baking dish.
  3. In another bowl, mix together the oats and flour.
  4. Add the butter to the oat mixture and use your fingers to rub it in until it forms coarse crumbs.
  5. Sprinkle the crumble mixture over the berries.
  6. Bake in the preheated oven for approximately 30-35 minutes, or until the topping is golden brown and the fruit is bubbling.
  7. Remove from the oven and let cool for 10-15 minutes before serving.

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