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PAP gahmen lost $2.6 billion for failure to tax PHV cars proportionately/ adequately.
An honorable member of the Coffee Shop Has Just Posted the Following:
PAP gahmen lost $2.6 billion p.a. for failure to tax PHV cars by mileage adequately. Isn't it a very glaring loophole that PHV cars are all freeloading on Singapore road infrastructure given the fact that they all travel 9x the mileage of a normal family sedan car? At an average depreciation of $8000 p.a. and not even including road taxes payable, each PHV car is thus short changing government coffers of $64,000 p.a. every year based on their road mileage travelled... PAP gahmen lost $2.6 billion for failure to tax PHV cars proportionately/ adequately. Click here to view the whole thread at www.sammyboy.com. |
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