2015 Jun, 1st COE Bidding Exercise

[Blackyv]

Correct, those earning $30K a month most likely claim every damn purchases and daily necessities on their company's expense account.

 

You will be shocked at what they claim! I think if they can claim(redeem) driving demerit points by assigning it to their company's ID/UEN number, they will too!

 

 

Yalor, like my ex boss, keep changing 7 series to another 7 series like no tomorrow and he is not paying a single cent.. all expenses company pay ...if from his own pocket, don't think he will buy 7 series.. since his wife drive a humble c class Merc only...

[Friendstar]

Yalor, like my ex boss, keep changing 7 series to another 7 series like no tomorrow and he is not paying a single cent.. all expenses company pay ...if from his own pocket, don't think he will buy 7 series.. since his wife drive a humble c class Merc only...

What industry is this?

[Leo72]

Yalor, like my ex boss, keep changing 7 series to another 7 series like no tomorrow and he is not paying a single cent.. all expenses company pay ...if from his own pocket, don't think he will buy 7 series.. since his wife drive a humble c class Merc only...

is he the CEO or the biggest share holder of the company? is the company earning big profit? If answer to either one is yes, then he can really change like no tomorrow lor, else someone will stop him.

[Andyngps]

look at our 750-1000sqft million dollar pigeon hole and no $100k no talk car fly off showroom

either the data is misleading (not a clear representation) or a lot of people under declare their income

not to mention many also buy property in msia even in aus and uk ... how could their income be so low

 

 

Tax evading sideline income...hehe

[oceanicmanta]

many hope for coe to dive.

the rare ones are handed cars on silver platter. FOC.

 

 

https://sg.news.yahoo.com/check-singapore-newest-car-ambassador-121543615.html

 

 

Must pay income tax on it or not ?

[Hmsg]

I predict Cat A will continue to drop, maybe by another $1K.

 

Almost got it right w -$590!

 

I predict next round will drop another $2k!

[Limwsv]

This is all interesting and salacious, but does zit to the COE prices.

 

Looks like IRAS is going to have to work a lot more harder this year for their bonus to audit these people.

 

Go ahead and challenge the methodologies all you like, after all that's what financial institutions, rating agencies, governmental bodies and such use as the base data for their planning.

 

http://stats.mom.gov.sg/SL/Pages/Gross-Monthly-Income-from-Work-Concepts-and-Definitions.aspx

 

BTW,. Only 25K of cars are registered under company plates, the rest of company cars are registered under some individual, ie private. Eventually who drives it is not important because the key operative is household without cars. You think a big boss is going to tell a $10 per survey drone that he does not own a car? Hahaha...

 

BBTW, it does not change the fact that the project manager and his/her wife represent the 80% decile of income earners in Singapore.

 

BBBTW, There are 125 000 households without income, of which 16% does own a car. And which 0.7 are suppose to be retirees. So read whatever you want into that group.

Edited June 7, 2015 by Limwsv

[Camrysfa]

 

 

Must pay income tax on it or not ?

 

most likely not lah. Just need to stay clear of trouble.

and as audi car ambassador, do some flashing ...... of the car, keke

 

Edited June 7, 2015 by Camrysfa

[Shadowwalker]

 

Almost got it right w -$590!

 

I predict next round will drop another $2k!

 

haha...

 

Too bad... Singapore Pool doesn't have such bet type yet except for 4D, toto and Soccer.

Maybe... they should include COE movement bet, up, down?

[flashbang]

Yalor, like my ex boss, keep changing 7 series to another 7 series like no tomorrow and he is not paying a single cent.. all expenses company pay ...if from his own pocket, don't think he will buy 7 series.. since his wife drive a humble c class Merc only...

 

"humble c class merc" lol

 

Touch wood, only class I will probably see is class C in the hospital.