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”.

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