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Fringe Benefits Tax reform would be a $1 billion victory for common sense

Reports in this morning's media suggest that the Greens' long campaign to remove the incentive to drive more in the fringe benefits tax concession will finally be included in next week's federal budget.

Treasury costings, undertaken at the request of the Greens, show almost $1 billion in revenue would be restored over the forward estimates if the Australian Greens' proposal to introduce a flat rate fringe benefits tax concession for company cars, regardless of kilometres travelled, is adopted.

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