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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

General News logo4 May 2016

By IAN PORTER

- 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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