Story with Vehicle taxes

salt · 1 Story with Vehicle taxes Tue May 14, 2013 10:27 am

salt

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Guys,
does anybody hear any news about revision of vehicle taxes?
I see some abnormal movement of motor shares

VISA · 2 Re: Story with Vehicle taxes Tue May 14, 2013 10:36 am

VISA

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interest rate down, Yen down, government giving away permits.

salt · 3 Re: Story with Vehicle taxes Tue May 14, 2013 10:41 am

salt

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all of sudden?

kukumarx · 4 Re: Story with Vehicle taxes Tue May 14, 2013 11:10 am

kukumarx

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salt wrote:Guys,
does anybody hear any news about revision of vehicle taxes?
I see some abnormal movement of motor shares

Govt is between a rock and a hard place.

They need the revenue from vehicle imports- yet they have to preserve the foreign exchange reserves.
Its quite possible that they may lower vehicle taxes somewhat

Also some PC elections are around the corner. Plus 2014 is the earliest for a presidential election. The govt has to project that the economy is reviving. Hence the lowering of interest rates in spite of IMF warning not to.

Politics is shortsighted and in this country politics controls everything.