Luxury car tax proving unpopular down under
The government has incurred the wrath of numerous motoring groups and vehicle manufacturers despite hiking the threshold for its luxury car tax.
As of Sunday (July 1st), anybody buying a new model that is over $59,133 will be obliged to pay the levy.
The previous cut off mark was $57,466, but many people don't think that the change is good enough.
With car insurance costs and the price of fuel rising all the time, organisations like the Victorian Automobile Chamber of Commerce believe it is unfair to penalise Aussies further.
The group recently urged the authorities to raise the threshold to a minimum of $75,000 or preferably above the $100,000 mark, but this plea has clearly fallen on deaf ears.
Bosses at Toyota have also voiced their disappointment that the government didn't raise the limit much higher.
"Even with the latest threshold adjustment, this unfair tax has not been consistent with inflation since it was introduced in 2000," commented Toyota Australia's executive director of sales and marketing Matthew Callachor.
Have a question about car insurance? Ask the money gurus at Mozo Answers.