Ute tax may double?
The Herald reports:
From April 1 to December 31, 2022, the total amount of fees received was over $105.1m.
The total amount of rebates paid out was over $203.3m over the same period.
It’s important to remember that the ute tax and electric car subsidy will not reduce our level of greenhouse gas emissions. Transport is in the ETS, so the scheme will merely reduce the cost of emissions permits in other sectors, as transport will consume fewer.
The scheme is meant to be self-funding, but it isn’t. So either taxpayers have to make up the difference, or they will have to double the level of the ute tax, to break even.
So the ute tax may double from up to $5,000 to be up to $10,000. All to subsidise new `Tesla owners!