Australia’s automotive body calls for the abolition of luxury car tax

The Federal Chamber of Automotive Industries has rightly called for the abolition
of Luxury Car Tax after Treasurer Jim Chalmers announced this week a
tightening of conditions surrounding fuel-efficient vehicles to take effect from
July 1, 2025. The current tax-free threshold for luxury car tax of 33 per cent
applies to fuel-efficient vehicles over $89,332 and for all other vehicles over
$76,950. A fuel-efficient car is currently defined as one that doesn’t use more…