LTA to issue more COEs (Another scam from LTA)

Gazelle SG

When there is too many cars on the road LTA start building ERP gantry. When there is too little car, LTA issue more COE. Like a bloody dog chasing after its own tail.

Can Singaporeans oppose LTA decision? Of course not lah....just pay and shut up.

sbst275 SG

One way is to stop bidding... All $1, no money to collect Mr. Green

kops21 SG

If the govt don't get their forecast earning from COE/ERP, they will find other means to get it. Sad

There are 2 things in life that we can't escape. Death & taxes.

sbst275 SG

But income tax is fixed... Raise GST, maybe...

Or increase tobacco and wine taxes

Gazelle SG

How I wish singaporeans can be smarter and less kia su.

Many car owners are probably too use to paying and they dont realize that they are paying about $200 every month for a meaningless certificate.
I dont mind if the cert is to help limit the number of cars on the road, so that drivers can enjoy smoother traffic on the road.

but bloody hell...after paying so much, LTA is coming back and say they are issuing more COE, which will increase cars population, more traffic jam, and more ERP, less car parks..

bloody LTA are just bank robbers and car buyers are suckers!!!

gasband SG

this is in line with their "more car owners but lesser car users.". Frankly i dun care lah, if u need the car, buy it, dun need dun buy. If u need to buy and can afford to buy, just buy it.

In time to come, what they want to do is that they realise COE is no longer a deterrent to car buying. So they just let you buy lor as many as u want. But they will stop people from driving their cars by increasing road taxes if you wanna drive your car on the road, more gantries, and other stuff lah.

So in time to come, you will see cheaper COEs and people will start buying cars and then government will increase the taxes to get the car on the road. Do you think the government is totally to blame? No I dun think so. There are 2 kinds of Singaporeans. One who is bloody rich and cant wait to show off so buy and buy. One who is not bloody rich but is stupid enough to buy and buy because COE is low. So tell me who to blame? If expensive, DUN BUY LAH!

Qitai SG

Actually, this is exactly what I want - MORE COE. As for the gantry. No problem for me, I don't go downtown that often. Have always been wondering why I have to pay the COE when there is no traffic jams in where I want to go.

So, in fact, I want them to jack up the ERP price and SCRAP the COE. I want my car without paying that bloody COE + 131% tax. I can accept higher ERP and more gantry if it makes traffic smoother.

SnowFlag SG

1st point noted - thank you. will implement soon
2nd point scrapped - will need more studies

sgdiehard SG

x 2 Very Happy pay as you use. That's the way.

paperchicken SG

Less COE ppl complain More COE ppl also complain. Take taxi lah. Laughing

sbst275 SG

Take public transport. Then you may get better services as buses and train operators can earn more money

robertteh SG

Minister Mah Boh Tan in announcing COE system many years ago has informed the public that when it and the ERP were introduced, vehicle registration, import and excise duties eventually will be scrapped.

Has the government fulfilled its promise to do so? For those who are still doubting the wisdom of democracy or alternative views, think again. Laughing

[ Neo ] SG

Scrapped??

I think not.

With even cities in China experiencing heavy traffic congested to send official over to Singapore to study the COE system, the mechanism has literally became yet another 'beautiful' masterpiece creation in the field of statecraft.

The scheme I supposed, can be described to be a national pride - from a statecraft point of perspective.

If there's any consolation, at least we can be assured that more people overseas will get to know about the us.

Just mention the 'COE' word and we'll have the car buyers all over the globe grumbling 'There! Singapore's the place which started this idea lor!'.

robertteh SG

COE sucks up most of the saving a man has in his working life.

How to be entrepreneurial? If COE was intended as announced to replace duty and import taxes on vehicles, why not carry out the promise and abolish the vehicle taxes upon full implementation of COE and ERP.

By collecting both COE and vehicle taxes, it is actually a double taxation. What are GATT and FTA for? To minimize double charging or double taxation, don't you think so? Rolling Eyes

Qitai SG

Can you stop your trumpet blowing for Democracy? There is already a topic for that. Traffic Jams are much much worst in the democractic countries.

Qitai SG

Anyway, I hate helping the government on this topic. But you just made me want to do this. The tax rate did decrease from 171% to 131% and the COE quota increased. I think that is not enough though.

robertteh SG

You confirmed that the tax rate was not scrapped as it should have been as promised. It was merely reduced slightly from 171% to 131% to retain the vehicle tax.

The logic given in introducing COE and ERP, was that it would be the fairest way to control congestion as compared with direct vehicle taxes. COE and ERP were held as the best pricing mechanism for road usage. Why was this logic not that logical after all and vehicle taxes were retained despite the promise or logic given about COE or ERP? Should policy maker not honored their logic so given?

This retention of vehicle taxes even at reduced amount actually amounts to a double taxation. Rolling Eyes

Qitai SG

No disagreement with that. I am still waiting for them to keep their words of reducing tax and COE when they introduce ERP. That is why I wanted them to jack up ERP and scrap the COE and vehicle tax. There is progress, but not as fast as I would like it to be.

Gazelle SG

Selfish Singaporean...

Medicated Oil SG

Come on,

How else do you expect them to raise $$$ to pay the lawyer for the screw-up at Nicholl Highway ???

Do all of you seriously expect them to care whether there are jam on the road ???

What is more important ?

Fat Bonus and a chance to boost their reserves.

When there are too many cars, then they will encourage pple to take public transport and increase the fares.

Earn - Earn - Earn for all party involved except the paying consumers.