Fringe benefits cuts to help fund switch to ETS
by:David Crowe and Lauren Wilson
From:The Australian
July 16, 201310:53AM
KEVIN Rudd has unveiled $3.9 billion in budget savings, including deep cuts to fringe benefits tax breaks, to promise a boost to household budgets by fast-tracking the shift to an emissions trading scheme.
Wow what a fool, now watch the inevitable backlash from disaffected public servants, and there are many thousands of voters that salary sacrifice. MMS will now adapt their model accordingly and in time will grow again, opportunity will present itself here with the ensuing pandemonium and panic sale price.
Ann: Half Year Results Presentation , page-21
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