FBT changes: stealth carbon tax to hit businesses

By Natalie Tsirimokos · 19 May 2011 · Cashflow

FBT changes: stealth carbon tax to hit businesses

FBT shake-up: Hidden costs for businesses

Get ready for a surprise tax hit that could leave your company's bottom line in the red. But is it a necessary evil to reduce carbon emissions and ease congestion?

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Summary

New Fringe Benefits Tax (FBT) regulations applying to company vehicles may assist in reducing carbon emissions and ease road congestion, according to leading fleet solutions company FleetPartners. But this will come at a big cost to all businesses requiring the use of vehicles. The Federal Government introduced changes to the FBT concession on companyprovided cars […]