McMillan Shakespeare's dramatic tragedy

The novated leasing company has plummeted as investors flee in the face of the federal government's planned FBT changes

McMillan Shakespeare (MMS) suffered its worst fall on record when it emerged from a week long trading halt following the government’s shock changes to tax benefits on cars.

Management is not only hunkering down in the wake of the surprise tax changes made by the federal government, but it is putting up the iron curtains as well.

The stock plunged 55.7% to $6.80 in early trade.


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