Next week’s budget to reduce electric vehicle FBT concession
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Next week’s budget will contain cutbacks to the concessional treatment of electric vehicles (EVs) that will save the government $1.7 billion over the budget period.
Announcing the changes to the Fringe Benefit Tax (FBT) exemption for EVs, Treasurer Jim Chalmers and Energy Minister Chris Bowen said the new rules would encourage manufacturers...
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