Group items tagged

Car owners in Beijing are facing a possible oncoming tax. This is the resort that the Chinese government has taken in an effort to fight the ever-worsening traffic in the city. By fighting the huge amounts of traffic in major cities, the government fights the pollution of air. It is estimated that in 2012, seven million cars will be on Beijing roads (a huge and sharp increase from the 4.7 million in 2010). Other than a tax, the government is hoping to add the restriction of only one car per resident, while non-Beijing residents are only allowed to purchase a car before buying an apartment and a parking permit. Car owners are already paying a 30,000 yuan (S$5,900) for each car they own, yet the Beijing government hopes to have tax incentives for cars with engine sizes of 1.6 litres or smaller.

Recently regarding the current change in the governments to attempt and reduce the gas emissions, the UK government has started taking action regarding the taxation of the cars. In order to try and promote the more green efficient cars and the hybrids that emit below 130g/km of CO2 will pay nzero on the first year road tax and for the cars that emit less that 100 g/km will also pay zero on road tax. Moreover, in order to discourage people from demanding less of the more heavy emitting CO2 cars such as big SUV the government will start taxing much more heavily those cars. They also will start changing the road tax, they will charge them according to their emissions. In conclusion the lower the emissions the cheaper the tax will be ultimately making the consumers shift their demand from the larger or higher CO2 emitting cars towards the more green and low CO2 emitting cars.