Vehicle-related taxes make up 8% of government revenue

[makapaaa]

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[TD="class: msgtxt"]Posted <abbr class="published" title="2013-10-11T23:28:14+00:00">Yesterday, 07:28 AM</abbr>Alheych

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<!--cached-Fri, 11 Oct 2013 23:28:15 +0000-->I would like to share an interesting observation with everyone, this is probably old news to many MCFers, but I really don't wish to start a new discussion about the necessity of the COE or ERP, enough threads have been opened for them.

According to the Budget 2013 website, vehicle quota premiums (ie COE) and motor vehicle related taxes (road tax, ERP etc) contribute to 4% of the government's revenue each. That means altogether, vehicle-related taxes make up 8% of the government's income every year!

Now I'm no tax expert and I don't how much vehicle taxes contribute to government revenues in other countries (maybe there'a tax accountant here who can contribute?), but personally, I find 8% quite high for anywhere.

The government probably didn't start out with the intention to get so much tax from vehicles, but as they tried to curb vehicle population and ease congestion, they end up collecting more and more and found it to be a convenient source of income. And when you can count on that source for next year's budget, it's natural that you might not want to disturb this fat goose.

My real question is this: has collecting so much money been an effective way to manage vehicular growth? Personally, I think we've been put on a path where we cannot afford to cease the COE and ERP, or all hell will break loose when everyone gets easy access to a car, when there are not enough car parks and not enough lanes. We'll become a Bangkok or a KL. And if an alternate government does take power, they may not want to let go of this fat goose even if they know it's not been effective.

What do you think?


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[Rogue Trader]

The problem really stems from the 2008/2009 period when LTA upped the vehicle quota and increased ERP gantries all over the island. All in the name of making more $$$ for their coffers.

Now it's a mess Lui fuck yew must clean up. ha ha.

 

[palden]

Garment always use stick policies. Instead of trying to improve infra, they blame the people and punish them.

 

[SadPlumpGirl]

fuckup PAP.

just imagine the inflationary effects of these COEs that have been passed on to consumers.

 

[Cestbon]

This tax many Q up to pay. Gov never force anyone to buy car.
Please dont jam the road if cannot afford.

 

[escher]

You all voted and voted for those fucking PAP vampires to assist smear of shit on sole of shoe LKY to screw and fuck you of billions

You voted again and again for those arseholes

Why complain now?

Go smear axle grease into your arsehole and keep bending for them to screw u good and proper

YOU ALL DESERVE THE PAIN

 

[rushifa666]

the idiots who drink smoke and drive deserve it. these three areas are where you get ripped off the most. and yet a young punk with 2k pay wants to do all that. good thing buildings are tall enough nowadays

 

[Tuayapeh]

Rveryone assumes that those govt dogs are interested in solving a fucking problem when all they care about is harping about the problem but quietly collecting more money.....


Dumbfucked sinkies deserves their fate for choosing these self serving bastards......

 

[ahmad]

That means altogether, vehicle-related taxes make up 8% of the government's income every year!

It's debatable, that money from vehicle-related taxes could have gone for more infrastructure.