Toyota Australia renews its call to abolish the federal luxury-car tax even as the Australian Tax Office raises the threshold it applies to new-vehicle purchases. The threshold at which luxury cars will be subject to the tax will increase by A$1,667 ($1,707) as of July 1, from A$57,466 ($58,873) to A$59,133 ($60,569). Buyers pay the tax on the amount of the price above the threshold. Originally set at 25%, the tax was increased to 33% in 2008. Toyota Australia Sales and Marketing ...
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