Hear that Spore going to introduce carbon tax next yr,
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So how will this affect taxi fare,taxi business & repurcussion.
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ya nothing to squeeze liao , squeeze from the air .
no wonder right ? they stopped cng taxis ?
cos cng taxis no carbon , how to tax ?
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Yup IN my recent 14k audit also the PSB auditor told me to start preparing for next year audit data to include carbon footprint calulation.
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Carbon tax mostly for large CC petrol cars, diesel cars or taxi that meets Emission Euro IV will not be taxed. So Crown and Cedric will not be able to meet the new emission standards and will be replaced.
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But I thought diesel emit more carbon then petrol with is mostly unleaded
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!!!!!!!!!!!!!!!!!!!!!!!!!if they intro carbon tax.....then where it goes into?gov pocket aggain lor!!!looks like sporeans tighten belt again.
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quite true, they intro carbon taxes, business lorries, containters, buses and pick up get to pay them, then they charge customers, then customers push it to consumers like we people...knn,...end up we pay again. -
it has already happened in oz.most companies increase price by like 5-10%.its another type of gst.so far in oz not much increments but spore is a totally different story and i know everybody on street will feel it from food to cars.
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Actually, the carbon tax affects mostly large engine captivity petrol cars. The Govt also will be reducing road tax From $1.25 per cc to $0.40 per cc. Taxi rebate for low emission taxi will go up to $30,000. So I think there is a balance. The one that will 100% benefit is the taxi company, will they pass the savings on the rebate to lower rentals??? I think in future there will be more diesel cars on the road, not sure how it will affect prices of diesel then. Here is an extract from LTA on carbon tax:
Special Tax For Euro V Compliant Private Diesel Cars
Currently, the tax is $1.25 per cc of engine capacity subject to a minimum annual payment of $1,250. The proposed tax would be lowered to $0.40 per cc of engine capacity, subject to a minimum annual payment of $400. The revised tax rate would take effect from 1 January 2013.
Carbon Emissions-based Vehicle Scheme
- Passenger Cars and Taxis
Currently, environmentally-friendly vehicles are incentivised under the Green Vehicle Rebate (GVR) Scheme. Under the GVR Scheme, electric, hybrid, CNG and bi-fuel passenger cars and taxis qualify for a rebate on the Additional Registration Fee (ARF) at 40% of the Open Market Value (OMV).
From 1 January 2013, the Carbon Emissions-based Vehicle Scheme (CEVS) would replace the GVR Scheme for passenger cars and taxis, which would expire at the end of 2012.
Under the CEVS, all new purchases of passenger car models with low carbon emissions would enjoy up to $20,000 in rebates on the ARF, while those with high carbon emissions would have to pay a registration surcharge of up to $20,000. For taxis, the rebate and surcharge would be up to $30,000.
The rebates under CEVS would take effect from 1 January 2013, while the surcharges would take effect from July 2013. The CEVS would be reviewed at the end of 2014.
- Passenger Cars and Taxis
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Originally posted by CharlesTD:
Actually, the carbon tax affects mostly large engine captivity petrol cars. The Govt also will be reducing road tax From $1.25 per cc to $0.40 per cc. Taxi rebate for low emission taxi will go up to $30,000. So I think there is a balance. The one that will 100% benefit is the taxi company, will they pass the savings on the rebate to lower rentals??? I think in future there will be more diesel cars on the road, not sure how it will affect prices of diesel then. Here is an extract from LTA on carbon tax:
Special Tax For Euro V Compliant Private Diesel Cars
Currently, the tax is $1.25 per cc of engine capacity subject to a minimum annual payment of $1,250. The proposed tax would be lowered to $0.40 per cc of engine capacity, subject to a minimum annual payment of $400. The revised tax rate would take effect from 1 January 2013.
Carbon Emissions-based Vehicle Scheme- Passenger Cars and Taxis
Currently, environmentally-friendly vehicles are incentivised under the Green Vehicle Rebate (GVR) Scheme. Under the GVR Scheme, electric, hybrid, CNG and bi-fuel passenger cars and taxis qualify for a rebate on the Additional Registration Fee (ARF) at 40% of the Open Market Value (OMV).
From 1 January 2013, the Carbon Emissions-based Vehicle Scheme (CEVS) would replace the GVR Scheme for passenger cars and taxis, which would expire at the end of 2012.
Under the CEVS, all new purchases of passenger car models with low carbon emissions would enjoy up to $20,000 in rebates on the ARF, while those with high carbon emissions would have to pay a registration surcharge of up to $20,000. For taxis, the rebate and surcharge would be up to $30,000.
The rebates under CEVS would take effect from 1 January 2013, while the surcharges would take effect from July 2013. The CEVS would be reviewed at the end of 2014.
Then for big cc cars is like LPPL, and lower CC car will gain from it,..I do not know what they are trying to imply, ask people to buy smaller cars??
I find this working toward the benefit of taxis companies, which most of them are Government Link compaines, from Cdg to smrt and even Union gas TC linking to powersupply.
Whatever happen, why govt is not promoting green enviroment, the like of CNG and hybrid should be given great discount on Road Tax, but somehow, our govt cannot let go of the fuel business which is very lucrative to them in term of taxes and refinery production.
I alway believe social economy is an ecology and the end product be it taxes increase here and decrease there, would ultimately, hurt the consumers.
- Passenger Cars and Taxis