Tag: Fuel Excise

Despite numerous calls to extend the fuel excise cut to ease cost-of-living pressures, Labor has reiterated it is unlikely due to budgetary restraints.

The Abbott government has bypassed upper-house approval to reintroduce the twice yearly indexation of fuel excise — a measure frozen by the Howard government — in a move that will increase input costs for many small business owners.

Tax specialists have acknowledged that reintroducing the indexation of fuel excise will hurt smaller business owners who will find it harder to pass on costs to consumers and compete with their larger competitors.      The move, likely to be revealed in tomorrow’s budget, is thought to see the 38 cents a litre excise to be […]