Bobby. wrote Yesterday at 8:23pm:
I think the cost of petrol is nearly all tax:
You have the 52 cents fuel excise plus the GST -
but wait - the petrol station has to pay:
land taxes, payroll taxes, taxes on profits, income taxes and super for all their employees.
The petrol tanker driver + company delivering the petrol has to pay road taxes and
taxes on profits, income taxes and super for all their employees.
The petrol companies have to pay taxes on their profits and all sorts of other taxes,
payroll taxes and super for all their employees.
I heard that every company pays about 20 different taxes just to operate their business.
They even have to employ accountants and lawyers to get on top of their tax obligations -
more expense.
Petrol is one gigantic tax grab.
All those heavy costs are passed on to the consumer.
It makes you wonder if 95% of the price of petrol is actually taxes
and charges?
What about one example - insurance?
The consumer driver, petrol station the delivery tanker and the oil company have to pay insurance -
- stamp duty on insurance!Australian insurance premiums (general insurance) generally attract a
GST and state-based stamp duty ranging from 2.5% to 10%, often applied on top of the GST-inclusive premium. Stamp duty is mandatory, with rates varying by state and policy type, while GST applies to the base premium and broker fees, but not to the stamp duty component itself.
We have taxes on top of taxes on top of more taxes.