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Friday, September 05, 2014

Proposal... Roadtax based on insured value!

Proposal... Roadtax based on insured value... (2nd reminding)

In this blog entry, I'm going to follow up on what I wrote back in

"Wednesday, December 19, 2007"
"Propose: Road tax based on insurance instead of... "

Again, I proposed tiered ROAD TAX based on insured value of the car instead of CC (Cubic Capacity). Why?

Because it's Unfair for say (Example 1) a 23 years old 3200cc car (1991 Honda Legend) owned by a Pensioner worth RM12,000 but have to fork out RM4,000 road tax PA. The pensioner don't want to sell his car due to sentimental value. It's his LAST COMPANY Car which he bought over when he retire...

Again, it's unfair as (Example 2) A New RM390,000 E250 owner only pay RM3xx roadtax PA. Why is it so? Because the car's a 2.0.

Example 3, a Retired VIP wants to keep his 1989 BMW 740iL V8, does it make sense to imposed RM12,000 a year when his car's worth RM3k LESS. Even though he's a VIP.

Example 4: A new 1.6 litre Peugeot 508 THP SW worth RM179,000 but owner paying RM90 roadtax only.

Can you sense the irony in this 4 examples?

To ensure fairness, the Government should implement this proposal As soon as possible (ASAP) so that some Rich folks won't get away with the Loophole. It's SHOCKING, a 2000cc Mercedes E250 worth RM390,000 owner only have to pay RM3xx roadtax while 1 20 yrs old BMW worth RM10,000 gets to pay RM10,000+ road tax per annum. Something needs to be done...

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