New figures have revealed the Government's own modelling expects between 74,600 and 107,400 cars to be hit with "fees" under the feebate scheme in 2022. Wood downplayed the numbers, saying the policy would only apply to imported vehicles and not the larger second-hand market for vehicles. "Under any plausible scenario, this policy will be a tax grab, taking hundreds of millions more than it pays out," Court said. Court said many of the vehicles hit with a fee under the scheme would be work vehicles, or cars needed by large families. Labour "didn't campaign on this policy and now it has blindsided a group of New Zealanders who won't be able to avoid this tax," Court said.

Source: Otago Daily Times July 05, 2021 16:52 UTC