The old FBT company car rules resulted in some quite ridiculous outcomes. In fact they still do, because apparently they still apply for existing leases. Basically the rules meant that the further you drive, the less tax you pay. Which means people were strongly encouraged to drive long distances to save money — often driving ... [More]
Tag: Australian Taxation Office
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Thoughts on tax
The tax return My 2008-09 tax return took ages to come back. What happened to it? An old fashioned IT screwup: We know some people have experienced delays and frustration caused by our essential systems upgrade. Unfortunately, the size of the systems we deal with means they are incredibly complex. Also, given the importance of ... [More]