Important to keep in mind that Labour will need to be re-elected if these changes will come into effect at all. Also FBT exemptions will shift to other items meaning admin fee revenue earned by MMS will by and large continue unabated.
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.
Important to keep in mind that Labour will need to be re-elected...
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