The incoming Australian coalition government, calling the previous Labor government’s fringe-benefits tax (FBT) a job-destroying hit on the auto-leasing industry, says the measure is “dead, buried and cremated” with its victory in the federal election. The latest figures show the Liberal-National coalition won 89 seats in the House of Parliament to Labor’s 57. The previous election saw the two parties deadlocked at 72 seats apiece, but Labor ruled with the backing ...

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