The luxury car tax: past its use-by date
There are increasing calls to abolish the luxury car tax (LCT) as it has passed its “use-by” date. The tax has been singled out as an unfair, a discriminatory and an inequitable tax that discourages innovation in the manufacture of environmentally friendly vehicles. Following the recommendations fro...
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| Format: | Journal Article |
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Taxation Institute of Australia
2013
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| Online Access: | http://www.taxinstitute.com.au/taxation-in-australia/the-luxury-car-tax-past-its-use-by-date http://hdl.handle.net/20.500.11937/33703 |
| _version_ | 1848754020660805632 |
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| author | Pearce, Prafula |
| author_facet | Pearce, Prafula |
| author_sort | Pearce, Prafula |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | There are increasing calls to abolish the luxury car tax (LCT) as it has passed its “use-by” date. The tax has been singled out as an unfair, a discriminatory and an inequitable tax that discourages innovation in the manufacture of environmentally friendly vehicles. Following the recommendations from the Henry Tax Review and the discussions at the 2011 Tax Forum on environmental and social taxes, the reform of the LCT could form part of a wider review of motor vehicle taxes and fuel excise in Australia. A tax on the purchase of motor vehicles could be structured to bring about a behavioural change in the choice of motor vehicles in order to reduce fuel consumption in motor vehicles, provide a competitive edge to the Australian motor vehicle industry, and generate the revenues required to build better public transport infrastructure. |
| first_indexed | 2025-11-14T08:33:46Z |
| format | Journal Article |
| id | curtin-20.500.11937-33703 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:33:46Z |
| publishDate | 2013 |
| publisher | Taxation Institute of Australia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-337032017-01-30T13:38:48Z The luxury car tax: past its use-by date Pearce, Prafula There are increasing calls to abolish the luxury car tax (LCT) as it has passed its “use-by” date. The tax has been singled out as an unfair, a discriminatory and an inequitable tax that discourages innovation in the manufacture of environmentally friendly vehicles. Following the recommendations from the Henry Tax Review and the discussions at the 2011 Tax Forum on environmental and social taxes, the reform of the LCT could form part of a wider review of motor vehicle taxes and fuel excise in Australia. A tax on the purchase of motor vehicles could be structured to bring about a behavioural change in the choice of motor vehicles in order to reduce fuel consumption in motor vehicles, provide a competitive edge to the Australian motor vehicle industry, and generate the revenues required to build better public transport infrastructure. 2013 Journal Article http://hdl.handle.net/20.500.11937/33703 http://www.taxinstitute.com.au/taxation-in-australia/the-luxury-car-tax-past-its-use-by-date Taxation Institute of Australia fulltext |
| spellingShingle | Pearce, Prafula The luxury car tax: past its use-by date |
| title | The luxury car tax: past its use-by date |
| title_full | The luxury car tax: past its use-by date |
| title_fullStr | The luxury car tax: past its use-by date |
| title_full_unstemmed | The luxury car tax: past its use-by date |
| title_short | The luxury car tax: past its use-by date |
| title_sort | luxury car tax: past its use-by date |
| url | http://www.taxinstitute.com.au/taxation-in-australia/the-luxury-car-tax-past-its-use-by-date http://hdl.handle.net/20.500.11937/33703 |