20% GST on cars!

[5.4 GT]

Originally Posted by turbodewd

Ok, so soon Australia wont be producing cars and we have a federal budget deficit. I say lift the GST on cars to 20%. This wont hurt the lower income earners who dont buy cars anywhere near as often as the slightly well-to-do (who also buy more expensive cars). This has no free trade implications either.

Do it Mr Abbott! Make it 12% in 2014, 14% 2015, 16% 2016 and 20% in 2017.

Auto imports are around $25billion/yr so this would net the Feds maybe another $2billion per year?!

This would've been good to apply years ago on the cheaper bulk Japanese and Korean imports to push people towards the local manufacturers.

"So far in 2013, the Corolla sedan and hatchback have accounted for 39,794 sales, a 12.9 per cent jump on 2012’s figures. The Mazda3 - which has been the top-seller for the past two years - has dropped 3.6 per cent, with 38,060 sales to November 30." - http://news.drive.com.au/drive/motor...204-2ypvw.html

If the gov did at least a 5% levy on these type of cars they would've made a motza.