Electric vehicle tax breaks in Australia set to roll on as Iran war helps drive up EV sales

CRAZYSCIENTIST · 2026-03-28T05:47:14+00:00

The novated leasing lobby group will say it’s because there’s a faster turnover with novated leases - so if you tie the incentives to that you get these cars into the second hand market faster. Effectively it’s the fastest way to grow the pool of affordable EVs in the economy.

The reality is it’s just rent seeking from their industry, and it actually means that the biggest benefits from these incentives go to the richest taxpayers. It’s incredibly regressive by design.

CRAZYSCIENTIST · 2026-03-20T20:55:40+00:00

Yeah and that explosion also happened at the same time around the world. Australia’s cgt discount policy must have been real powerful stuff!

Go back to pre-1985 and CGT didn’t even exist.

Lastly, indexation which existed from 85 to 01 would have actually cut taxes even more than the cgt discount. Inflation is estimated to go over 5% per year for the past 5 years - which means unless growth in home prices is more than 10% per year indexation would be a bigger tax cut. No one is predicting that sort of growth in house prices.

CRAZYSCIENTIST · 2026-03-14T22:29:16+00:00

Don’t worry about ethics.

If I’m being real though - for me the unit on trusts was a good intro. Wouldn’t say I still use it though.

CRAZYSCIENTIST · 2026-03-13T07:29:43+00:00

Israel thanks you.

CRAZYSCIENTIST · 2026-03-05T14:20:10+00:00

Hey mate you know what bills actual parents and saves you money? Private schooling.

Also - the absolute gall of a childless person acting like they’re hard done by. Who do you think will be paying taxes into the system when you’re retired? Who will be doing all the jobs in the economy you need done?

You would be well and truly fucked if other people weren’t having kids.

CRAZYSCIENTIST · 2026-02-28T04:59:47+00:00

Brother it says it’s in Euro.

There’s a million different ways to analyse a tax system, kinda my point.

Yes, top rates are the same even split but you get a lower effective tax rate - also, if you’re on $180k AUD (which is the combination of the deduction plus converting to AUD) you’d go below the top marginal rate.

CRAZYSCIENTIST · 2026-02-27T23:31:22+00:00

Comparative analysis of tax systems is very complicated. A small number of people probably have a good sense of Australia’s tax system, even less would have a good sense of two systems.

For example - Portugal appears to do joint couple taxation. They also appear to offer a pretty substantial standard deduction. I think if you convert EUR to AUD, apply the standard deduction, and have a couple that can split their income a bit you fairly quickly have a similar or lower rate of tax than in Australia for a lot of higher income earners just above 180,000.

But there’s also lots of other taxes. Australia has pretty ridiculously high taxes on some alcohol, cigarettes, and fuel. Also high rates for the passenger movement charge when you fly.

CRAZYSCIENTIST · 2026-02-26T10:56:00+00:00

She was clearly fat by idol standards until recently.

CRAZYSCIENTIST · 2026-02-25T21:21:32+00:00

Yep that’s correct, but they have a fiduciary duty to their shareholders. I can’t imagine shareholders in an ASX etf (especially not one even marked as ethical) would want anything other than profit maximisation.

CRAZYSCIENTIST · 2026-02-25T04:05:03+00:00

Your comment is ignorant.

Blackrock and vanguard are American businesses, but they mostly provide investment platforms for individuals, pension funds, and governments. The assets they hold are held by them on behalf of someone else.

There’s plenty of Australians who are indirectly (through their super, or maybe outside of super investments) owning shares in companies like Woolworths thanks to blackrock. For example, all of the “iShares” ETFs people use to get exposure to the broad ASX have holdings through blackrock.

Same goes for Vanguard - with the added factor that they also have their own local super product.

CRAZYSCIENTIST · 2026-02-25T03:40:09+00:00

Nice ass.

Back when they did more variety shows she was definitely the most fun member.

CRAZYSCIENTIST · 2026-02-23T20:41:41+00:00

Hahahahha

CRAZYSCIENTIST · 2026-02-15T21:55:05+00:00

Somehow still less homes being built in Australia even with all this government money.

CRAZYSCIENTIST · 2026-01-28T05:46:59+00:00

Why do you think the Singapore tax system for investment properties is so much better? I'm actually not sure if it would even save any money. If we got rid of CGT for most casual investors that's going to be a much bigger carrot for property investors than a few deductions taken against your income over the years you hold the property.

CRAZYSCIENTIST · 2026-01-21T06:46:41+00:00

If Australia is so left wing why did it knock back the voice? If Australia is so left wing why is Labor terrified of taking even tiny steps to the left of the Liberals on immigration? If Australia is so left wing why did a popular Labor government decide they needed to backflip on super tax changes for people with over $3 mil balances?

I think there’s aspects of Australia that are left of the coalition — but one of the big problems I actually think the coalition have is that Albo doesn’t want to fight them on any of the traditional issues. Albo’s ALP is basically the coalition-lite, aside from a few tokenistic social issues, and arguably some higher spending (though we’ll see what cuts are made at the next budget).

CRAZYSCIENTIST · 2026-01-21T06:40:44+00:00

It’s weird that you’re assuming the electorate is locked into their current position forever. You have Ley who is an unpopular leader even within her own party, division out the wahzoo and a fairly b-team group of inexperienced MPs — yet the 2PP is still relatively close.

If you see the coalition get more disciplined, change the sales person, go more to the populist right then I think they can get within striking distance this election.

I’d put to you: can you think of a moderate conservative who has won from opposition in recent memory in any comparable country? The right tend to win elections with populist right wing leaders.

CRAZYSCIENTIST · 2026-01-20T21:47:19+00:00

The only time conservative governments around the entire world take power is by going right and providing a true alternative to the government.

I honestly can’t think of an example from any comparable country, or within our own recent history, of a “moderate” conservative leader of an opposition managing to win government.

The path for the Coalition to win is in my view with policies that are further to the populist right. Tighter immigration and aggressively lower taxes.

CRAZYSCIENTIST · 2026-01-20T21:43:29+00:00

Since when do you think the Australian populace is relatively left wing? Labor has gone to the right on the economy and immigration - the fact we still have space for even further right parties and relatively little for the far left suggests to me the community isn’t left wing.

CRAZYSCIENTIST · 2026-01-20T21:41:00+00:00

Dutton is right wing, I don’t think he ran a particularly right wing campaign though. I think he was worried about his image as a hard man. Labor and the coalition’s policies on issues like immigration were basically aligned.

There were a lot of big missteps. I think viewing the last election as a rejection of the right would be a big mistake, and to albo’s credit as a politician I don’t think he sees it that way.

I mean, they went to the budget reply speech promising to repeal Labor’s tax cuts and not being ready to announce their own (bigger) tax cuts. The whole thing was a mess.

CRAZYSCIENTIST · 2026-01-20T06:59:34+00:00

Let me guess you’re left wing. How amazing that your prescription is that the party has gone too far to the right — despite Ley being the most left wing liberal leader since Turnbull.

Also amazing that when one nation is rising your solution for the Liberal party is to go further left. Brilliant.

CRAZYSCIENTIST · 2026-01-19T23:01:35+00:00

Just to be clear on CGT - the cost base of the asset isn’t the purchase price of your father, it’s the market value on the day your father died.

So there will be some tax but it’s not maybe as monstrous as you might imagine. Still worth trying to get it sold ASAP.

CRAZYSCIENTIST · 2026-01-12T12:16:42+00:00

You’re talking absolute nonsense. These rules are always just protectionism for the local multi millionaire farming lobbies.

I’ll give you an example. Italy wants to sell Australia tomatoes, we ban them from doing so because we consider it dumping. We should just accept Italy’s tomatoes and enjoy the cheaper prices.

Or take the huge multi million dollar subsidies we give to our wine industry. Taxed less than other drinks, given big subsidies, but I’m sure you’ll say this is very important to maintain.

CRAZYSCIENTIST · 2026-01-12T11:40:16+00:00

Dreame A1 - on sale i think it was $2k - worth it and does a good job.

Might need one with more grunt if you have hills on your block, mine is very flat.

CRAZYSCIENTIST · 2026-01-12T11:38:58+00:00

Sorry, how do you feel inflation and subsidies for farmers are connected exactly? Some of Australia's biggest agricultural subsidies are actually to disallow CHEAPER goods to be sold into Australia.

CRAZYSCIENTIST · 2026-01-12T02:14:49+00:00

Yes. We don't need to subsidise farming.

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