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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Where Are Ethics, Social Justice....With This Rude Tax Increment On Vehicle?

Where Are Ethics, Social Justice....With This Rude Tax Increment On Vehicle?

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manula


Vice President - Equity Analytics
Vice President - Equity Analytics
@Redbulls wrote:Voted to become Asian miracle,
Now looking for miracle to survive.

yes.. machan.. the main thing is they increased the tax of normal engine size vechiles which we can afford and no major effect for the luxaray vechile. mainly targeting the medium income group..

The taxes for the buses not increase ..so the best thing is buy a bus instead of car.. and can earn some extra bucks if you can pick some when travelling... Very Happy Very Happy Very Happy

greedy


Manager - Equity Analytics
Manager - Equity Analytics
@aj wrote:I'm sure there are lawyers and law students in there.
Can't you file a case against the car permits. It's a violation of fundamental human rights that some people get the privilege of owning a car just buy selecting to parliament and working in government offices while there are millions of people who bring more money to this country and work day and night in private sector and individually.

It's the same as the law of the pigs: all the animals are equal but some animals are more equals than others.

Well said. There can be many cases to file, vehicle permits, road closures, too much security while no security threats etc...

UKboy


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@greedy wrote:
@aj wrote:I'm sure there are lawyers and law students in there.
Can't you file a case against the car permits. It's a violation of fundamental human rights that some people get the privilege of owning a car just buy selecting to parliament and working in government offices while there are millions of people who bring more money to this country and work day and night in private sector and individually.

It's the same as the law of the pigs: all the animals are equal but some animals are more equals than others.

Well said. There can be many cases to file, vehicle permits, road closures, too much security while no security threats etc...

Agree with both of you.
But... wonder a bunch of unwanted visitors in a white van will come to that person's house. pale

rijayasooriya


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@aj wrote:I'm sure there are lawyers and law students in there.
Can't you file a case against the car permits. It's a violation of fundamental human rights that some people get the privilege of owning a car just buy selecting to parliament and working in government offices while there are millions of people who bring more money to this country and work day and night in private sector and individually.

It's the same as the law of the pigs: all the animals are equal but some animals are more equals than others.

Please consider the difference between the salary scales in private and government sectors.Basic salary of even a doctor in government sector is Rs25000 - Rs35000.I am not talking about MPs.

econ


Global Moderator
do we have any ethics in Sri Lanka?? Very Happy

mark

mark
Expert
Expert
@manula wrote:
@mark wrote:eka BURUWEK kiwwa 7500k athi kiyala family ekakata.....me wage ewunta daduwam dena kalayak enakam lankawa diyunu wenne na,
edata thama lankawen pitarata giyapu educated minissu awith me rata godaganne...
api inne e dawasa enakam Sad

nikan awata giyata politicianslata LAW DEGREE dena,DOCTOR rate dena ratak diyunu wenne na..

thamange wasiyata tax adu karala vahana anayana karala iwara wela dan tax wadi kara,ko sadaranaya?

where is the TRANSPARENCY?

Evil or Very Mad Evil or Very Mad Evil or Very Mad

you guys will forget everything and vote for his son after retirement of raja Laughing
then to the son of son(grandson of raja)
cycle will go on until a revolution Twisted Evil

@mark.. ada thawa burwek kiyanawa.. SL is trying to get some more big sports festivals..going to bid for games same like commenwelath games... spend 800 m . for mega trips..team of 160 instead of Australia 20 ...

This minster cannot face the interview even with BBC... first said 100 million spend.. then asked about 800m agreed and said 100 m from government and other 700m from banks.. said state banks also funded but later decline..

BBC asked about the after having the cricket WC the how the board get bankrupt.. Very Happy

no use of talking Evil or Very Mad Evil or Very Mad

SL.Market

SL.Market
Vice President - Equity Analytics
Vice President - Equity Analytics
@mark wrote:
@manula wrote:
@mark wrote:eka BURUWEK kiwwa 7500k athi kiyala family ekakata.....me wage ewunta daduwam dena kalayak enakam lankawa diyunu wenne na,
edata thama lankawen pitarata giyapu educated minissu awith me rata godaganne...
api inne e dawasa enakam Sad

nikan awata giyata politicianslata LAW DEGREE dena,DOCTOR rate dena ratak diyunu wenne na..

thamange wasiyata tax adu karala vahana anayana karala iwara wela dan tax wadi kara,ko sadaranaya?

where is the TRANSPARENCY?

Evil or Very Mad Evil or Very Mad Evil or Very Mad

you guys will forget everything and vote for his son after retirement of raja Laughing
then to the son of son(grandson of raja)
cycle will go on until a revolution Twisted Evil

@mark.. ada thawa burwek kiyanawa.. SL is trying to get some more big sports festivals..going to bid for games same like commenwelath games... spend 800 m . for mega trips..team of 160 instead of Australia 20 ...

This minster cannot face the interview even with BBC... first said 100 million spend.. then asked about 800m agreed and said 100 m from government and other 700m from banks.. said state banks also funded but later decline..

BBC asked about the after having the cricket WC the how the board get bankrupt.. Very Happy
no use of talking Evil or Very Mad Evil or Very Mad

Well said
After the highly celebrated WC what happen... No salaries for player..
Again any sport festivals?
Not value to talk more on this type of minister's talks


mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@UKboy wrote:In the UK.

Below car is just Rs 4,500,000.00 ( £22,908.00) in the UK
2011 E Class

Where Are Ethics, Social Justice....With This Rude Tax Increment On Vehicle? - Page 2 Merc_e11

http://www.autotrader.co.uk/classified/advert/201142422580537/sort/priceasc/usedcars/maximum-age/up_to_1_year_old/model/e_class/make/mercedes-benz/page/1/radius/200/postcode/ng60ht?logcode=p

But.....
In Sri Lanka below 2010 model cost a whopping Rs 15,500,000.00 ..!!

Where Are Ethics, Social Justice....With This Rude Tax Increment On Vehicle? - Page 2 Merc_e12

http://www.autolanka.com/ad.asp?ID=67935

I guess thats very unfair. Evil or Very Mad


It'll cost the same amount in Singapore as well.

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@rijayasooriya wrote:
@aj wrote:I'm sure there are lawyers and law students in there.
Can't you file a case against the car permits. It's a violation of fundamental human rights that some people get the privilege of owning a car just buy selecting to parliament and working in government offices while there are millions of people who bring more money to this country and work day and night in private sector and individually.

It's the same as the law of the pigs: all the animals are equal but some animals are more equals than others.

Please consider the difference between the salary scales in private and government sectors.Basic salary of even a doctor in government sector is Rs25000 - Rs35000.I am not talking about MPs.

Dear Friend, i am not against the giving the special permission to the government staff, but is the staff with that salary in a position to explain how they able to purchase the Menz, BMW, or Audi! and other question is that the vehicle imported by them is actually used by them, if they can show those two i feel they are entitled to the permit!

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@Gaja wrote:
@rijayasooriya wrote:
@aj wrote:I'm sure there are lawyers and law students in there.
Can't you file a case against the car permits. It's a violation of fundamental human rights that some people get the privilege of owning a car just buy selecting to parliament and working in government offices while there are millions of people who bring more money to this country and work day and night in private sector and individually.

It's the same as the law of the pigs: all the animals are equal but some animals are more equals than others.

Please consider the difference between the salary scales in private and government sectors.Basic salary of even a doctor in government sector is Rs25000 - Rs35000.I am not talking about MPs.

Dear Friend, i am not against the giving the special permission to the government staff, but is the staff with that salary in a position to explain how they able to purchase the Menz, BMW, or Audi! and other question is that the vehicle imported by them is actually used by them, if they can show those two i feel they are entitled to the permit!

The Doctors can surely afford a car for around 5mn. The others simply sell their permits for the most part for around 1mn.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@mono wrote:
@Gaja wrote:
@rijayasooriya wrote:
@aj wrote:I'm sure there are lawyers and law students in there.
Can't you file a case against the car permits. It's a violation of fundamental human rights that some people get the privilege of owning a car just buy selecting to parliament and working in government offices while there are millions of people who bring more money to this country and work day and night in private sector and individually.

It's the same as the law of the pigs: all the animals are equal but some animals are more equals than others.

Please consider the difference between the salary scales in private and government sectors.Basic salary of even a doctor in government sector is Rs25000 - Rs35000.I am not talking about MPs.

Dear Friend, i am not against the giving the special permission to the government staff, but is the staff with that salary in a position to explain how they able to purchase the Menz, BMW, or Audi! and other question is that the vehicle imported by them is actually used by them, if they can show those two i feel they are entitled to the permit!

The Doctors can surely afford a car for around 5mn. The others simply sell their permits for the most part for around 1mn.

That is happening.

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@Redbulls wrote:
That is happening.

yeah. You don't sell your permit outright. What you do is import a very expensive vehicle, say for example a montero sport which is around 10-12mn, for about 6mn and then hand it over to the actual buyer for 7mn. You still own the vehicle but the other guy will use it for the next 5 years.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@mono wrote:
@Redbulls wrote:
That is happening.

yeah. You don't sell your permit outright. What you do is import a very expensive vehicle, say for example a montero sport which is around 10-12mn, for about 6mn and then hand it over to the actual buyer for 7mn. You still own the vehicle but the other guy will use it for the next 5 years.

You are absolutely right, but I know so many Govt employees sold their permits to business men through some brokers.
Main reason they do not have the purchasing power even 2-3 million.

aj


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Aciyawe Achchrayaya
In this land you can buy an old Maruti last year and sell it and become a lakshapathi this year.
Land like no other.

SL.Market

SL.Market
Vice President - Equity Analytics
Vice President - Equity Analytics
@aj wrote:Aciyawe Achchrayaya
In this land you can buy an old Maruti last year and sell it and become a lakshapathi this year.
Land like no other.

General people are not benefited but only salesman benefited...

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@aj wrote:Aciyawe Achchrayaya
In this land you can buy an old Maruti last year and sell it and become a lakshapathi this year.
Land like no other.

Can do friend, but whether he will be in a position to buy another car?

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@aj wrote:Aciyawe Achchrayaya
In this land you can buy an old Maruti last year and sell it and become a lakshapathi this year.
Land like no other.

That's what happened to people who bought BFL mid 2010

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@mono wrote:
@aj wrote:Aciyawe Achchrayaya
In this land you can buy an old Maruti last year and sell it and become a lakshapathi this year.
Land like no other.

That's what happened to people who bought BFL mid 2010

Even that happen who bought JKH in Feb 2012.
170+
now ?

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@Redbulls wrote:
@mono wrote:
@aj wrote:Aciyawe Achchrayaya
In this land you can buy an old Maruti last year and sell it and become a lakshapathi this year.
Land like no other.

That's what happened to people who bought BFL mid 2010

Even that happen who bought JKH in Feb 2012.
170+
now ?

I got hold of bfl at 60 got rid of it at over 450. i don't think jkh comes anywhere close to that

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@mono wrote:
@Gaja wrote:
@rijayasooriya wrote:
@aj wrote:I'm sure there are lawyers and law students in there.
Can't you file a case against the car permits. It's a violation of fundamental human rights that some people get the privilege of owning a car just buy selecting to parliament and working in government offices while there are millions of people who bring more money to this country and work day and night in private sector and individually.

It's the same as the law of the pigs: all the animals are equal but some animals are more equals than others.

Please consider the difference between the salary scales in private and government sectors.Basic salary of even a doctor in government sector is Rs25000 - Rs35000.I am not talking about MPs.

Dear Friend, i am not against the giving the special permission to the government staff, but is the staff with that salary in a position to explain how they able to purchase the Menz, BMW, or Audi! and other question is that the vehicle imported by them is actually used by them, if they can show those two i feel they are entitled to the permit!

The Doctors can surely afford a car for around 5mn. The others simply sell their permits for the most part for around 1mn.

Most of them sell their permit around 1mn and buy a second hand vehicle after adding their savings also.Most of them can not afford to buy a unregistered vehicle.Of course a few doctors and a few number of other high standard government officers can afford that.But most can not.

ruc

ruc
Equity Analytic
Equity Analytic
They have increased fuel price & granted concessions for few categories.All bus owners benefited from increased bus fair.On the other hand this time on vehicle tax. they only consider abt government servants.so what abt others.
always average people suffering.why can't the reduce their government useless expenses.Huge Cabinet.several vehicles for MP's & ministers.
They ruined cse by introducing .....acts.

we have to pay for every thing.

aj


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
From the recent bus fare hike, bus owners got more than the cost of fuel. They got a bonus. The government was not intelligent or had a backbone to correct that.
See
http://www.ft.lk/2012/02/23/chartered-institute-of-logistics-and-transport-fumes-over-bus-fare-hike-method/

And there's an extra 10% bonus they get from Rs. 9 minimum charge. Maru na. Bus owners hit jack pot.

ruc

ruc
Equity Analytic
Equity Analytic
yes,I agree with you aj.

These stupid ministers doesn't know how to calculate % calculations & parameters to determine bus fair.They think only one passenger is traveling inside the but at a given time.

in addition majority of the profit is stolen by drivers & conductors.(they never give 1 rupee for 9/= ticket nor the bus ticket)

so how these people manage a place like CSE...

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I am a software engineer. If I am working in Sri Lanka, I may have to spend around 10 - 20 years of saving from my earnings to own a brand new Japanese vehicle. That means, I am spending half of my life for the vehicle.

In Kuwait, with almost one month salary I can purchase a 2nd hand Japanese vehicle (Year of Manufacture 2004 - 2005). If I save 4 - 5 months salary, I could go for a 2009 y/m Japanese vehicle. I could drive a 2012 model brand new Japanese vehicle in my 6 - 7 months salary.

Isn't it total unfair?

CSE.SAS

CSE.SAS
Global Moderator
By Shamindra Ferdinando

The recent increase of duties on vehicle imports, including three wheelers and motor cycles, hadn’t affected ‘privileged imports’, which accounted for a substantial percentage of the total annual imports, private sector sources told The Island.

Asked whether the Opposition would take up the issue, deleted National List MP Harsha de Silva said that there should be social equality in tax policy. The parliamentarian acknowledged that the latest taxes hadn’t been directed at politicians, public officials and professionals.

The government had adopted four specific measures to curtail the rapidly growing trade deficit, limit fuel consumption and increase revenue, the MP said. The economist described measures as depreciation of exchange rate, increase in interest rates, upward revision of fuel and electricity prices and increase in import duty.

Sources said that over the year duty free vehicle entitlement granted to members of parliament had been gradually increased from $ 10,000 to $ 50,000.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=48995

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