The abolition of Australia’s $880m-a-year luxury car tax (LCT) has become a key block to a potential trade deal with the European Union (EU), while the right for Australian producers to call cheese ‘feta’ and ‘parmesan’ is also up for negotiation.
The LCT was introduced 22 years ago by then prime minister John Howard to protect local manufacturers when Australia still produced cars in large numbers.
But with the local car industry gone, the LCT remains on the books solely as a…
