“If you're going to modify the way we collect excise on fuel, then one good place to start might be to review some of these generous fuel tax credits.”
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Said on Australia Overnight
Squawk Box Europe Express · Warsh surprised by global economy's 'resilience'
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Lowered VAT and excise tax on fuel while introducing a windfall tax on oil companies generating high margins
“If you're going to modify the way we collect excise on fuel, then one good place to start might be to review some of these generous fuel tax credits.”
“That's where you generally want your high growth potential, but tax efficient. So maybe if you own any stock index funds, things of that nature to benefit from the long-term capital gains. Tax deferred accounts, that's usually less tax efficient, but maybe lower return potential”
“If companies have sales overshoots or undershoots, a very high incremental margin relative to a lower stated margin can cause a big profit beat or a big profit loss.”
“A medium SUV that's electric is heavier… two to three to 400 kilos heavier. Therefore, it's doing more damage to the roads… while paying no fuel excise that goes back into the maintenance of those roads.”
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