[Peakoil] More businesses to get fuel tax breaks

[Alex Pollard]

"From 1 July this year more businesses will be able to claim fuel tax
credits for the first time, and many others will be able to claim
additional fuel tax credits.  

You can now claim for the fuel you use in industries like construction,
manufacturing, wholesale, retail and landscaping for items ranging from
bulldozers and backhoes to whipper-snippers and chainsaws. "

Places the govt in an interesting position, holding out against an excise 
cut for ordinary motorists, yet subsidising business fuel use all across 
the economy.

How can the govt ensure small business owners don't just claim a rebate for 
their personal driving also?

To be blunt, our economy has become very consumption-oriented, meaning 
capital and energy are consumed without contributing to creating a 
sustainable income stream that doesn't rely on cheap oil - eg expenditure 
on SUVs instead of a rail line. A lot of businesses are driving trucks 
around to achieve basically nothing of lasting value. Tax breaks like this 
will prolong the misallocation of capital and precious fuel on worthless or 
inefficient activities.


Alex
O4O4873828

ACT Peak Oil
http://act-peakoil.org



------------- Forwarded message follows -------------


FUEL TAX CREDITS - GET MONEY BACK FOR YOUR BUSINESS 

This information is being sent out on behalf of the Australian Taxation
Office. 

>From 1 July this year more businesses will be able to claim fuel tax
credits for the first time, and many others will be able to claim
additional fuel tax credits.  

You can now claim for the fuel you use in industries like construction,
manufacturing, wholesale, retail and landscaping for items ranging from
bulldozers and backhoes to whipper-snippers and chainsaws. 

For the new activities you can claim around $19 for every 100 litres of
eligible fuel. 
  
Visit the Australian Taxation Office
<http://www.ato.gov.au/businesses/pathway.asp?pc=001/003/044&mfp=001/003
&mnu=9955>  website to see if you are eligible from 1 July 2008, or if
you're already receiving fuel tax credits, check to see if you're
entitled to more.

For further information: 

*	Phone 13 28 66 between 8 am and 6 pm Monday to Friday. 
*	Write to -
	Australian Taxation Office
	PO Box 3001
	Penrith NSW 2740 
*	Visit the website at: Australian Taxation Office
<http://www.ato.gov.au/businesses/pathway.asp?pc=001/003/044&mfp=001/003
&mnu=9955>  
O4O4873828