News Ltd at it again with FBT beat-up

Running scared that the Labor government might be in with a shot at the upcoming election after Friday’s announcement of the PNG solution, the Herald Sun naturally instead focussed on the tweaking of fringe benefits tax regulations on novated leases as the basis for an attack on Kevin Rudd. It’s only at the bottom of the page in the Herald Scum that one finds the fundamental nature of the change. Drivers are now to be asked to keep a log book for 3 months every 5 years to prove the vehicle is being used sufficiently for work purposes to claim the relevant tax offset. All the government has done is tightened up on the rorting of an already generous tax concession, largely by the middle and upper class, and yet this rent seeking industry built on a tax break is squealing like a stuck pig. I don’t know what’s more pathetic; the media coverage or the pathetic whining of the industry at being taken to task for what is basically the defrauding of average taxpayers.

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One thought on “News Ltd at it again with FBT beat-up

  1. edward eastwood

    How true! and how true to form as one car leasing business immediately layed off half its workers, and then blamed the government! The fact that they’d been hired through the practice of rorting the system obviously had nothing to with it. Herald Scum eh? I love it!

    Reply

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