So, as we approach the end of the FBT year many holders of novated leases will be out and about trying to ensure that their nominated KM values are met so that they don't incur any penalties in relation to FBT. Now I have no idea who Fringe is and why he or she benefits, because I certainly don't seem to. This notion that it is more tax effective the further an individual dries is slightly at odds with a society where economy and environmental concern is increasing at the fore. Yes it makes some sense that an individual should be able to use the vehicle - pun intended - of a novated lease to own a car through an employer as there are many benefits to the macro-economy in supporting this; overall newer cars are more economical and typically safer. However the government should not be using federal tax policy to reward increased car use. I don't begin to claim to understand the full picture here and i am sue a more enlightened individual would be able to pick holes in my argument. It just seems illogical to me to encourage increased car use when it appears that vast tracts of other government policy is aimed at the opposite. Soap box away.
Sunday, 7 March 2010
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1 comment:
hear hear.. glad you blogged this...
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