New fuel tax to hit smaller operators

By Joe Kelly · 12 May 2014 · Economy

Fuel Tax Hike Looms for Small Operators

A new fuel tax is set to hit smaller businesses hard, but what exactly does this mean for your wallet? Find out what's in store for tomorrow's budget.

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Summary

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 […]

Tags: fuel excise, indexation, Petrol Costs, Small Business