Australia's largest stock trading and investment forum Australia's #1 stock forum

Revealed: The secret plans that could have saved Holden, page-8

First 8 Last

Share
Profile

Follow
grindstone cowboy

23,759 Posts.

186

25/10/17

13:00

Post #: 28180851
Share

Originally posted by omeara29 ↑

The Australian government makes about $300 million a year from the luxury car import tax.
The government would have made millions more in tax on GST, payroll tax, and income tax from those involved in the car industry and suppliers. So in a sense the industry subsidy was paid for by the car industry.
Australia was only one of 19 countries in the world that had the skills and ability to design a car from concept to production.
Those skills and know how are lost now for ever.
Nearly every car manufacturer in the world get some form of subsidy from government to build cars domestically.
The problem was that the owners of the car manufacturing in Australia produced cars only for the domestic market and not for export.

Expand

I would of kept supporting Holden if they had kept making the traditional type panel vans, they made the last WB panel van in 1985, I hate jap vans!
Upvote

Reply

Top Stories

ILU

Rare earths stocks surge as Pentagon buys big stake in US REE miner

Trump just dropped a 200% tariff bomb. Here's how to cash in

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

VMM

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

AAU

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

LIS

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

AII

Inside the depths of Panasqueira: A legacy carved in rock

CWX

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

First 8 Last

SPONSORED BY