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EU MUST be joking – European Union DEMANDS Australia dumps luxury car tax if it wants a trade deal
- Luxury car tax is worth $880m to Australia, but the EU wants it abolished
- EU also wants exclusive use of regional product names such as feta cheese
- Australia’s car market worth $20bn-a-year and the EU wants a bigger slice
The abolition of Australia’s $880m-a-year luxury car tax (LCT) has become a key block to a potential trade deal with the European Union (EU), while the right for Australian producers to call cheese ‘feta’ and ‘parmesan’ is also up…
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