I think this FBT is really a real tax on individual who are earning more in kind rather then cash and save tax income. From this i belive more of the top rank company people will be brought into net and i think this FBT is a really good though that govt has done this time to catch un accounted corporate perks. I do know people put all personal expenses into company account because he dont want to take salary instead as he has to pay tax. I do agreed that australian method of taxation would really bring top bracket of people into the tax fold and this will really benifit lots of general population.
Hats off to Finance Minister who brought this rule which was required since long time.
