Re:Australia Is Quitting Coal in Record Time Thanks to Tesla
by JellyYelly on Monday April 10, 2023 @05:20AM
(#35510526)
I think the original comment is misleading. As far as I can tell you need your employer to buy the EV for you; and then they don't have to pay Fringe Benefits Tax on it. This might benefit people who get a "company car" but I don't know of anyone who has gotten a fringe benefit as large as a car from their employer before. I don't doubt it happens but I doubt it helps anyone except employees and employers who could comfortably afford the tax to begin with. I'm not a tax expert so I could be completely misunderstanding this though.
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Re:Australia Is Quitting Coal in Record Time Thanks to Tesla
by sjy on Monday April 10, 2023 @08:21AM
(#35511426)
It’s common – you accept a reduced salary in exchange for the fringe benefit. It works particularly well for FBT-exempt employers like charities and state health departments. https://en.wikipedia.org/wiki/Salary_packaging
Re:Australia Is Quitting Coal in Record Time Thanks to Tesla
by grecy on Monday April 10, 2023 @11:16AM
(#35513334)
It also requires the vehicle to NOT be subject to Luxury Car Tax ... which many longer range EVs are.
Re:Australia Is Quitting Coal in Record Time Thanks to Tesla
by rippercushions on Monday April 10, 2023 @04:52PM
(#35517256)
No, it's very common and there are companies that exist to provide this as a service, just look up "novated lease".