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Serious Heng Swee Keat makes taxi drivers pay more so as to lose more PAP votes

Leepotism

Alfrescian (Inf)
Asset
Taxi drivers could bear brunt of diesel tax hikes
Duties will be raised from $0.10 to $0.20 per litre.
Taxi drivers could reel from higher fuel costs after finance minister Heng Swee Keat announced that diesel taxes will be raised from $0.10 per litre to $0.20 per litre, according to DBS Equity Research analyst Andy Sim.
In order to offset the increase, the government will implement a permanent reduction of $850 a year on Special Tax on diesel taxis. This will bring the Special Tax down to $3,400 a year (or $1,700 per six months), from $4,250 a year currently.
“We expect ComfortDelGro (CDG) to fully pass on the cost savings to the taxi drivers,” said Sim.
However, the increase in diesel tax could continue to provide further reasons for management to eventually realign its fleet towards petrol-hybrid and/or full electric vehicles, the analyst noted. CDG already has 2,000 hybrid taxis — comprised of Toyota Prius and Hyundai Ioniq — out of its 12,600-strong fleet, which translates to 17%.
“We understand that management intends to replace its diesel fleet over time, subject to demand and market conditions,” Sim said.
 

Froggy

Alfrescian (InfP) + Mod
Moderator
Generous Asset
10 cents to 20 cents is only 10 cents increase

10 cents for Singaporeans is no big deal

Wait a minute isn’t that 100% increase? Wtf?
 

Leepotism

Alfrescian (Inf)
Asset
10 cents to 20 cents is only 10 cents increase

10 cents for Singaporeans is no big deal

Wait a minute isn’t that 100% increase? Wtf?
Taxi drivers use about 20 to 25 litres of diesel per shift. So everyday donate 2 to 2.5 dollars to scums in white.
 

laksaboy

Alfrescian (Inf)
Asset
The PAP government has mastered the art and science of making a profit while in the process of running a country.

In order to offset the increase, the government will implement a permanent reduction of $850 a year on Special Tax on diesel taxis.

Whatever the offsets, rebates or bonuses bestowed upon the peasants, it will eventually extract manyfold of what had been given out.
 

laksaboy

Alfrescian (Inf)
Asset

winnipegjets

Alfrescian (Inf)
Asset
The PAP government has mastered the art and science of making a profit while in the process of running a country.



Whatever the offsets, rebates or bonuses bestowed upon the peasants, it will eventually extract manyfold of what had been given out.

The taxi companies will not pass the full benefit to the drivers, that is a certainty. The companies are the ones that can absorb higher taxes instead of the drivers; yet the PAP targets the drivers and give tax breaks to the companies. That is one good reason why sinkees should vote against the PAP.
 
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