So Steve Morris is now Executive Chairman instead of CIO, is that a promotion?
Sounds like retirement to me.
Yes that sounds right, probably with a nice payout.
IMHO/Cooperman - Sounds like a Luxury car tax at £355 over 5 years or £1775 in total which is about $3000AUD. Our Luxury Car Tax 33% of the value over $71,849 for cars that use over7L/100km and over $84,946. When I looked at buying a Plus 4 Morgan 100 edition in 2019 the Luxury Car tax was about $20,000.
Then to register the car in my state there is a 5% Stamp duty which for $120,000 Morgan is another $6,000 payable as part of the first registration. Say I sold the car a couple of years later to someone for say $100,000 they would be stuck with $5000 stamp duty.
Your version of Luxury Car tax is not nice for a car just over £40,000 but a lot less than our version.
If the car is sold to someone else does the £355 over 5 years start again or just once for new cars?
