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- 28 October 2008
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I haven't looked at the detail, but the question that comes to my mind is that given the political context, to what extent is this a well thought out policy in the context of broader tax reform ?That's a very realistic precaution.
I might be misunderstanding the change, but can't companies still provide the same car benefits to employees, eg sales people, but just require them to actually document the use, in contrast to up to now being able to just arbitrarily claim 20% deduction?
Happy to be corrected if I'm wrong.
Whatever, it seems a vast overreaction for Ray Hadley to claim that "this is the end of the new car industry".