A shocked Federal Chamber of Automotive Industries warns of the dire consequences for Australia’s auto industry after new Prime Minister Kevin Rudd abruptly ends the fringe-benefit tax concession on vehicles to help pay for his decision to abandon a carbon tax. Rudd says Australia will move to a market-based emissions trading-scheme on July 1, 2014 – a year earlier than planned – and the fixed-carbon price of A$25.40 ($23.42) a ton (0.9 t) won't apply. Analysts say ...
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