An honorable member of the Coffee Shop Has Just Posted the Following:
Minister Lui deigned to venture too far out to antagonise the super rich by levying a surcharge on those who own multiple cars. Especially those have fleets of exotic sports vehicles for showing off, not basic transportation to a day job. He also rejected calls for a Pay-As-You-Bid system and a ban on dealers bidding on COE, for reasons best known to himself - and dealers consulted by the minister.
Shifting qualifying models from Category A to Category B means no difference to the cost of car ownership, if the recent numbers of the 4 September COE bidding exercise is anything to go buy. That damn piece of paper is still another $80,000 tax going to the greedy government:
Category A (cars up to 1,600cc): $77,304, up from $76,223 previously;
Category B (cars above 1,600cc): $77,100, up from $76,607 previously;
Open category: $80,000, up from $79,223 previously.
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http://singaporedesk.blogspot.sg/201...titlement.html
Click here to view the whole thread at www.sammyboy.com.
09-09-2013, 10:00 PM
Curse of the Certificate of Entitlement
