Australia’s new Labor government plans to hike the tax on luxury cars to 33% from 25% in the country’s first tax increase of any kind in more than 12 years. The new levy affects vehicles costing more than A$57,000 ($53,947). Federal Treasurer Wayne Swan says imported cars mostly will feel the effect. For example, an extra A$2,600 ($2,461) in tax will be added to the A$105,000 ($99,398) Jaguar S-Type and A$30,000 ($28,407) to the price of a A$417,000 ($394,869) Ferrari. An increase on ...
Premium Content (PAID Subscription Required)
"Oz Auto Makers Protest Federal Tax Hike on New Luxury Cars" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.