Published on 01 Jul 08
by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE
Petrol consumption has become one of the most important sustainability issues for Australia. The central contention in this article is whether Australia’s current Fringe Benefits Tax (FBT) regime is promoting unnecessary mileage (and use of petrol) in salary packaged vehicles to obtain tax concessions under the FBT “statutory formula method” for cars. This article draws together the results of FBT survey data collected via a questionnaire and from respondents’ websites, which has been analysed by the authors. The evidence assembled generally supports the central contention. We have also reviewed and included commentary on similar studies that support our key claim. The findings are important because the questionnaire responses represent a significant sample. The outcomes of our research provide further support for a call to amend the current FBT legislation and therefore foster more environmentally sustainable car salary packaging polices for Australian business.
Diane is a Senior Lecturer, Department of Business Law and Taxation, Monash Business School, Monash University, Australia. Current at 04 July 2016
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PW Senarath Yapa, Associate Professor in Accounting, School of Accounting, RMIT
Current at August 2012
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Dianne is a Senior Lecturer in Accounting at the School of Business, La Trobe University, Australia. Current at 01 July 2008
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