<ul><li>The Australian Government is considering a gradual phase-out of the Luxury Car Tax (LCT) to minimize the impact on vehicle resale values.</li><li>The removal of the LCT is being explored as part of negotiations with the European Union for a free-trade agreement, with a focus on agricultural exports.</li><li>If the LCT is abolished, a road user charge based on distance traveled could be implemented to generate revenue for road maintenance.</li><li>There are differing opinions on the abolition of the LCT, with some arguing for its complete removal while others suggest reforms to target truly luxury vehicles and low-emission models.</li></ul>

Australia’s Luxury Car Tax could be removed gradually – report

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