Maxus-MIFA9 Supersonic February 25, 2014 Share February 25, 2014 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 ..... Our petrol is already not cheap per liter ... ↡ Advertisement Link to post Share on other sites More sharing options...
Baal Supersonic February 25, 2014 Share February 25, 2014 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. Link to post Share on other sites More sharing options...
Vulcann 6th Gear February 25, 2014 Share February 25, 2014 ...& also raise ERP to a flat rate of $10 a pop, anytime. There you have it, a perfect solution I also can Link to post Share on other sites More sharing options...
Toothiewabbit Supersonic February 25, 2014 Share February 25, 2014 He from cartel one izit?! Link to post Share on other sites More sharing options...
Wt_know Supersonic February 25, 2014 Share February 25, 2014 (edited) 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 ... Edited February 25, 2014 by Wt_know Link to post Share on other sites More sharing options...
RadX Moderator February 25, 2014 Share February 25, 2014 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.... 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 Link to post Share on other sites More sharing options...
Watwheels Supersonic February 25, 2014 Share February 25, 2014 (edited) 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 February 25, 2014 by Watwheels Link to post Share on other sites More sharing options...
Wt_know Supersonic February 25, 2014 Share February 25, 2014 (edited) 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 $$$ no money no talk !!! next year surplus target is $5B Edited February 25, 2014 by Wt_know Link to post Share on other sites More sharing options...
Jman888 Moderator February 25, 2014 Share February 25, 2014 He from cartel one izit?! he is good friend of T2, maybe both in the same think tank Link to post Share on other sites More sharing options...
Donut Supercharged February 25, 2014 Share February 25, 2014 He from cartel one izit?! He's from the same FAMILY............................. Link to post Share on other sites More sharing options...
Soya Supersonic February 25, 2014 Share February 25, 2014 increase coe (reduce quota) increase carpark charges increase ARF increase import/luxury tax increase ERP increase petrol tax increase road tax increase insurance what else can they think of beside increase $$$ 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? 2 Link to post Share on other sites More sharing options...
Deckbuild 6th Gear February 25, 2014 Share February 25, 2014 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! 2 Link to post Share on other sites More sharing options...
Jman888 Moderator February 25, 2014 Share February 25, 2014 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 Link to post Share on other sites More sharing options...
Deckbuild 6th Gear February 25, 2014 Share February 25, 2014 Singaporean are rich 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. Link to post Share on other sites More sharing options...
Kangadrool Supersonic February 25, 2014 Share February 25, 2014 (edited) 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? We are a koyok-cable tie nation. Edited February 25, 2014 by Kangadrool Link to post Share on other sites More sharing options...
Tayspiderx 3rd Gear February 25, 2014 Share February 25, 2014 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." 2 Link to post Share on other sites More sharing options...
Maxus-MIFA9 Supersonic February 25, 2014 Author Share February 25, 2014 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 ... ... as it was reduce once ... Link to post Share on other sites More sharing options...
GLZT 6th Gear February 25, 2014 Share February 25, 2014 I don't think it will affect potential buyers much. Its still only a small consideration compare to the car price. ↡ Advertisement Link to post Share on other sites More sharing options...
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