Excise Tax? When June 2017 or 2018?

[Verbl Kint]

There is a lot of push from multiple sectors for the bicam to start this week, with the aim of having the president sign TRAIN on December 13.

[beebee]

unfortunately even if there is a bicam, tho the lower house's version is far different from the senate's version, the latter is under no obligation to follow the former's proposal.. so probably the schedule that was released if it is indeed true will be the final one with possible minor tweaks.

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[beebee]

im just wondering if the aim was to generate additional funds, why do the high end cars end up getting the fair end of the deal absurdly making it cheaper and the lower bracket autos bear the brunt? as regards cars, the law in effect benefits the rich! baffling!

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[beebee]

baka may mga political analysts or socio professors dito sa tsikot, kindly explain nga ano ba tlaga nangyari. napaka misteryoso kasi ng naging resulta ng proposed na batas na yan.

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[tr1ck5h07]

Senate has approved a simpler version of a 2-tier scheme for autos.

Cars with a net manufacturing price of P1M below will be taxed 10% while those that cost more will be taxed 20%.


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[beebee]

yes. is the schedule of prices released by carguide accurate? in that version 3m+ cars would become cheaper.

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[dr. d]

im just wondering if the aim was to generate additional funds, why do the high end cars end up getting the fair end of the deal absurdly making it cheaper and the lower bracket autos bear the brunt? as regards cars, the law in effect benefits the rich! baffling!

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scenario #1. tax heavily an expensive vehicle that very few buy. tax lightly a cheap vehicle that thousands of customers buy.

scenario #2. tax lightly the expensive vehicle that few people buy. tax heavily the cheap vehicle that thousands of people buy.

scenario #3. tax heavily both the expensive and the cheap vehicle.

obviously, the second scenario will generate more tax money than the first scenario.
but the third scenario will generate the most tax money.
that is, assuming, the buying public's insatiable thirst for cars, remains un-abated, even with these new taxes.

[beebee]

scenario #1. tax heavily an expensive vehicle that very few buy. tax lightly a cheap vehicle that thousands of customers buy.

scenario #2. tax lightly the expensive vehicle that few people buy. tax heavily the cheap vehicle that thousands of people buy.

obviously, the latter scenario will generate more tax money.

but a better scenario would have been to tax them all with a burden. not choose one that lowers the existing srp's of the more xpensive cars, the buyers of these are the ones with more buying power anyway. im not an expert on tax or how it works but extrinsically, the schedule released by carguide beffudles me. my opinion.

[beebee]

i see you edited it. thats wat im trying to say, tax them all.. or better yet dont, para we will have more buying power. dami pa nman ganda models ngayon low or high end. lagay na lang nila tax sa cigarttes and alcohol ulit pti softdrinks

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[Ry_Tower]

If we are to abide with taxation rules and purposes, tax heavily the luxury items since can afford naman bibili nun eh. Luho na, pero entry level vehicles whatever category dapat hindi mataas tax since necessity na din naman kotse nowadays, hindi na luxury talaga.

[Wh1stl3r]

I'm still wishing for a flat service/sales tax that will ensure 100% compliance from everyone. Make it low enough so people will have no excuse if they don't comply. Everyone pays of course, but it will be a lot easier to see who cheats and who doesn't.

These new consumption taxes just show how inefficient our tax collection is. It's great that income taxes will be lowered for most, but in the end everyone ends up paying more. While tax cheats (like a lot of professionals) who don't even file income tax returns still go scot free.

[Walter]

Woe to those who bought Toyota Land Cruisers ...

[Walter]

im just wondering if the aim was to generate additional funds, why do the high end cars end up getting the fair end of the deal absurdly making it cheaper and the lower bracket autos bear the brunt? as regards cars, the law in effect benefits the rich! baffling!

Because the volume of lower priced cars are more compared to luxury cars ... those who can afford to buy a vehicle are more well off than majority of the population whether it's below or above 1M ...

[shadow]

Because the volume of lower priced cars are more compared to luxury cars ... those who can afford to buy a vehicle are more well off than majority of the population whether it's below or above 1M ...

Or our honorable public servants also doesn't want to get affected by the increase when they buy their luxury vehicles. [emoji23]


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[kagalingan]

ang sa akin dapat itatax yung marami negative...... ang diesel engine super nega.....

diesel = noise pollution, smoke pollution, sakit sa ilong......

so parang yosi and beer...... may magandang basehan bakit itatax..

[uls]

tama yan i-tax nang malaki ang mga econo cars at i-tax nang malaki ang gasolina para mabawasan ng sasakyan ang kalye

yun nga lang dadami lalo ang mag momotor

[minicarph]

P6 tax on gasoline in 2018. hindi ko na talaga magagamit Ford Explorer ko , athough I only use it sa mga special occassions lang naman coz it's old

siguro mababawasan ang mga motorcycle sa kalsada neto, that's one huge tax per liter. tsk tskk

[uls]

P6 tax on gasoline in 2018. hindi ko na talaga magagamit Ford Explorer ko , athough I only use it sa mga special occassions lang naman coz it's old

siguro mababawasan ang mga motorcycle sa kalsada neto, that's one huge tax per liter. tsk tskk

i think dadami ang motor

mga may kotse na di na kaya ang gastos sa gas bibili nalang ng motor

yung mga may motor di naman nila i-gi-give up yan

ano alternative nila?

bisikleta?

[uls]

ung mga dati nagcocommute bumili ng motor

di naman babalik sa commute mga yan

[dreamur]

Woe to those who bought Toyota Land Cruisers ...

Will they cut their losses and sell now?

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