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Fleetcare boss Nigel Malcolm.

Dramatic fallout from FBT decision

Three fleet leasing companies in Perth are seeking an urgent meeting with Prime Minister Kevin Rudd when he visits Western Australia on Friday, as the share price of the country’s largest salary packaging company was smashed today by investors. 

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Regardless of one's view on the issue, the handling of such appears remarkably like the pink batts & mining tax fiasco

Perth
I would like the Prime Minister to explain why he chose to implement the change with immediate effect, knowing that an election was imminent and that this change would need to be passed by Parliament? What happens if this is not passed or he loses an election? Did all of those Australains need to lose there jobs? How many more Australians need to lose their jobs? Lance Compton - CEO Paywise

Perth
Kevin Rudd is totally hopeless, this is yet another fiasco from the Labor party. I don't know who does his budgeting or making the business decisions at home, whether it's the wife, cat or dog but it's obviously not him or they'd be living on the street. The guy is an imbecile.

Perth
Whatever way one looks at it 20% private usage is a gross understatement of how much many vehicles clock-up in non-work ks and has led to some tax payers being under charged while others bear the burden. If a business is viable only because of tax minimization schemes, then it should not cry when the loopholes are tightened. That's just fair to all other tax payers. Next should be the tightening of similar claims by the sedentary self employed who claim that they need their vehicle for driving to various places of work within a day, when in fact they do almost all work at the one site.

For my comment on this subject: http://www.businessnews.com.au/article/Car-cuts-may-cost-more-than-they-save

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Revenue

29th↓Summit Homes GroupNFP
30th-Auto Classic$208.7m
31st↓Fleetcare$207.6m
32nd↑Best Bar Reinforcements$206.4m
33rd↑Doric$198.0m
113 private companies - large ranked by revenue most recent financial year

Number of Employees

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