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Why is Australia still protecting the car industry?

July 22, 2024 - 13:30 -- Admin

Introduced in 2000, the Luxury Car Tax (LCT) was imposed on imported vehicles to partly to protect the domestic car making industry that existed at the time. However, the LCT includes an exemption for “a commercial vehicle designed mainly for carrying goods and not passengers”. The Australia Institute (TAI) contends that this exemption is essentially

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