Petrol and diesel owners are set to be targeted with another car tax increase with heavy fees for certain motorists under the new Vehicle Excise Duty updates.
One of the most controversial taxes the Australian Government has enacted. Theoretically, it’s designed to raise more revenue to pay for road infrastructure funding by adding an additional tax on new vehicles the government deems as ‘luxurious.’
When legislators did away with the car tax, the state reimbursed municipalities the lost tax revenues. The plan was to ensure property owners received tax relief and that …