200% Tax

by James & Miel on January 25, 2008 · 0 comments

Wow!

Another interesting fact about Singapore. The government can’t prevent people from buying cars, but they can make it hurt. To cut down on traffic in Singapore they have a 200% tax on car purchases. Everything else in the country is duty free. Crazy.

Another comment about the payment for driving that I mentioned in the last post, is that they charge specifically for going to certain areas. For instance, it costs to go into the main financial district. This helps to prevent congestion and seemed to do the trick. They said that London and Malaysia were adopting similar systems.

Cheers,

Miel

Like DINKS? Subscribe!

Screen_shot_2017-04-25_at_1.36.57_pm

Subscribe to get the latest DINKS Finance content by email.

Powered by ConvertKit



{ 0 comments… add one now }

Leave a Comment

This blog is kept spam free by WP-SpamFree.

Previous post:

Next post: