Remember that a fuel tax credit increase has just gone through

  Fuel tax credit rates are indexed twice a year, in February and August, in line with the consumer price index (CPI). Also these rates change regularly, so it’s important to check when you are preparing an activity statement for a client. See this ATO webpage for the rates that apply from 4 February to

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Our cars are so efficient they may force a re-think on tax collection

  Ongoing engineering improvements in internal combustion motor production has resulted in a not-surprising trend — a drop in average fuel consumption. The following graph is sourced from Australian Bureau of Statistics (ABS) data and Parliamentary Budget Office (PBO) analysis. Average fuel consumption for passenger vehicles As can be seen, from 2001-02 to 2016-17, average

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