By Nick Parkin, staff A coalition of car manufacturers, car leasing companies and salary packaging industry representatives will seek an urgent meeting with the Federal Government over its planned changes to the fringe benefits tax. The Government announced the plan this week in an attempt to save $1.8 billion to offset the cost of moving from the fixed carbon price to a floating price a year early. The changes mean drivers who buy cars using salary sacrifice schemes will have to keep detailed log books, breaking down their personal and business use. About 20 companies and organisations affected by the proposed tax change held crisis talks in Melbourne yesterday, and say the reforms will have dire consequences for their industries. More » |
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