Australia news live: luxury car tax change could seal EU trade deal; far north Queensland braces for severe weather
Australia is expected to adjust its luxury car tax as part of negotiations to finalize a trade deal with the European Union.
Famous luxury car importer is being sought for bankruptcy
The Finnish luxury car importer Luxury Collection Automobiles is facing bankruptcy proceedings initiated by the tax authorities due to unpaid debts.
A well-known car dealership is being filed for bankruptcy
The Finnish luxury car importer Luxury Collection Automobiles is facing bankruptcy due to unpaid debts to the tax authority.
This is how car driving can be made a regulated luxury product – a shocking tax raised the price of an ordinary Toyota to a whopping 178,000 euros
Car ownership in Singapore is heavily regulated and taxed, resulting in exorbitant prices for vehicles, such as a standard Toyota Camry costing around 178,000 euros.
The luxury tax has been eliminated, and car prices drop by almost 30%
Argentina's Senate has passed a labor reform law that removes internal taxes, leading to significant price drops for some cars.
Progress on the elimination of the luxury tax could lower car prices
The Argentine Senate is set to pass a labor reform bill that includes the elimination of internal taxes, which may lead to a reduction in car prices.
The spectacular car that Leandro Paredes bought to drive in Argentina
Leandro Paredes, returning to Boca Juniors, purchases a luxury Mercedes-AMG CLE Coupé costing $195,000 amidst discussions of a tax reduction in Argentina.