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Increase petrol taxes to ease COE prices of smaller cars


Maxus-MIFA9
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Can he just keep it to himself .......... :angry:

 

 

yahoo news: Increase petrol taxes to ease COE prices of smaller cars: economist

 

Singapore’s government could do more to help the environment through the Budget by increasing petrol taxes and raising the certificate of entitlement (COE) quota on smaller cars, an economist from Nanyang Technological University said on Monday.

Speaking at a forum organised by the Economic Society of Singapore on Budget 2014, Ng Yew Kwang, professor of economics at Nanyang Technological University (NTU), said that raising petrol taxes would encourage motorists to take trips only when necessary.

It would also relieve the pressure on rising COE prices, especially those for Category A vehicles, cars 1600cc and below and engine power not exceeding 97 kilowatts.

He said that the government should increase the quota for the smaller vehicles to allow their COE prices to become more affordable, as these have already come close those of the bigger cars in category B.

Increasing petrol taxes would offset the revenue impact from a decline in smaller cars' COE prices, he noted.

The economics professor also suggested that the government increase taxes on luxurious cars and move to boost the number of taxis on the road.

It had been expected by many analysts that Budget 2014, which was unveiled by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam last Friday, would raise taxes on the rich. Instead, higher duties on cigarettes, alcohol and lottery betting were announced.

Ng said he wanted to see more things in the Budget that would address environmental issues.

He criticised the electricity rebates announced by Tharman as being “environmentally unfriendly” as they would encourage people to consume more electricity.

Tharman said that 800,000 households in HDB flats would receive one-off vouchers to offset utility bills.

Ng said providing a lump sum that households could choose to spend however they wished would have been a better alternative.


link: http://sg.finance.yahoo.com/news/increase-petrol-taxes-to-ease-coe-prices-of-smaller-cars--economist-123004170.html

 

 

 

Increase petrol taxes to ease COE but what happen to those already on the road, burnt a bigger hole in our pockets ..... [furious]

 

Our petrol is already not cheap per liter ... [sweatdrop]

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The tax already 40cts / litre. Still want to increase?

 

Maybe they thinking of piggybacking on the tobacco/alcohol tax.....

 

lim peh's 9km/litre car lagi jialat in this case.

 

 

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the million dollar QUESTION is how to ease COE?

 

what category to be created?

simply by increasing Cat A quota, the rich will also cheong in to buy 2nd and 3rd car ... for wife, for kid, for maid to go pasar ... [laugh]

Edited by Wt_know
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The tax already 40cts / litre. Still want to increase?

 

Maybe they thinking of piggybacking on the tobacco/alcohol tax.....

 

lim peh's 9km/litre car lagi jialat in this case.

 

 

 

 

nb, u drive RR ah? My car giving me 12km/l nia.....oh mine is cheap car.... [bigcry][bigcry][bigcry]

He from cartel one izit?!

 

 

he have shares in Shell

 

 

i tell you, with the world of electric cars coming soon, these Cos need to milk as much now before reality hits them.....then it will be payback time

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Ppl in the industry already told me gahment already tax 35%-42% depending on petrol grades and 39% on diesel. Still increase arh?

 

So many things we use require shipping and transpork. It's effectively increasing inflation. Not a good move for the gahment. If we are doing it for the environment as suggested by the economist we are paying it thru our noses. It's not like we are producing the haze using our vehicles.

Edited by Watwheels
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increase coe (reduce quota)

increase carpark charges

increase ARF

increase import tax

increase ERP

increase petrol tax

increase road tax

increase insurance

 

what else can they think of beside increase $$$ [sly]

 

no money no talk !!!

 

next year surplus target is $5B [sly]

Edited by Wt_know
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increase coe (reduce quota)

increase carpark charges

increase ARF

increase import/luxury tax

increase ERP

increase petrol tax

increase road tax

increase insurance

 

what else can they think of beside increase $$$ [sly]

 

no money no talk !!!

 

 

tax their way out of a problem they created in the first place. who needs intellects when we hv this kinda brilliant band-aid kopi tiam solutions?

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KNN, supply and demand leh, the supply for COE is so low, how they increase also won't reduce the price in COE leh......

 

Damn cock, even increase tax on petrol won't really make a difference on the COE price except on the causeway jam!

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KNN, supply and demand leh, the supply for COE is so low, how they increase also won't reduce the price in COE leh......

 

Damn cock, even increase tax on petrol won't really make a difference on the COE price except on the causeway jam!

 

 

Singaporean are rich :D

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Singaporean are rich :D

 

This I agree, even if it increase to $3 or $4, the car will continue be moving on the road, COE will continue to be high, no doubt about it.

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KNN, everything here is increase price to solve the blardy problem which had proven time again and again that it's not effective means and not sustainable one.

 

What happen to our society? What happen to their thinking caps? [furious]

 

We are a koyok-cable tie nation. [thumbsdown]

 

 

Edited by Kangadrool
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The tax already 40cts / litre. Still want to increase?

 

Maybe they thinking of piggybacking on the tobacco/alcohol tax.....

 

lim peh's 9km/litre car lagi jialat in this case.

 

 

 

Only they can increase tax, and dun wan retailer to pass on the cost to end consumers...

 

"

The Ministry of Trade and Industry (MTI) says businesses should not take advantage of the increase in liquor duties to unduly raise prices at the expense of consumers."
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KNN, everything here is increase price to solve the blardy problem which had proven time again and again that it's not effective means and not sustainable one.

 

What happen to our society? What happen to their thinking caps?

 

 

 

Inside their caps is thinking how to increase allowance back to the norm ... :huh: ... as it was reduce once ... :ph34r:

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I don't think it will affect potential buyers much. Its still only a small consideration compare to the car price.

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