ALP to blame for lost revenue: MMS

McMillan Shakespeare says Labor's FBT changes cost it two months' revenue.

McMillan Shakespeare (MMS) has blamed the former Rudd government's now revoked changes to fringe benefits tax rules for two months' worth of lost revenue, The Australian Financial Review reports.

According to the newspaper, chief executive Michael Kay said it had been impossible for the salary packaging company to sell new novated lease vehicles since former treasurer Chris Bowen announced the changes on July 16.

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