Rudd's crazy Canberra tax shuffle

The Fringe Benefits Tax changes have no hope of raising $1.8 billion dollars. Instead, the burden will shift to the states that employ the vast majority of public sector workers who use government vehicles. A far better solution exists.

Kevin Rudd has done it again and Australia has been “Rudded”. It looks like the snap decision to attack motor fringe benefits will be very similar to the mining tax and, on a net increase to government revenue basis, not raise anything like the $1.8 billion Kevin Rudd is forecasting over four years. In ignorance, what Kevin Rudd has actually done is to attack vast sectors of the government payroll system — that’s why so much money is being “raised”.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles