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VACC applauds budget tax rate plan

Parallel lines: The Federal Chamber of Automotive Industries has taken a swipe at the government's proposed parallel import legislation following the budget announcement today.

Federal budget pleases the VACC, but FCAI hits back at parallel import plan

4 May 2016

- The federal government’s plan to reduce the company tax rate to 25 per cent by 2026-27 from its latest budget will be good for the economy according to the Victorian Automobile Chamber of Commerce (VACC).

- The FCAI believes parallel importing will undermine the investments in, and employment at, dealerships by allowing private individuals to bring in “near- new” vehicles and by-pass official distribution channels.

Click here for full story: VACC applauds budget tax rate plan

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