car tax tagged posts

Petrol Taxes in NZ Will Hit the Poor and Old Cars

April 5, 2018 Taxation in New ZealandUncategorized

petrol tax in New ZealandWELLINGTON – New Zealanders who drive old and inefficient cars will see their tax bills rise.

On April 3rd a researcher from the economic group the New Zealand Initiative, Sam Warburton, claimed that the upcoming hike to petrol taxes in Auckland will adversely impact low-income households.

The New Zealand government has recently announced that it will be raising the rate of tax levied on the sale of petrol in the country by as much as NZD 0.12 per litre, and, further, the government will introduce a regional fuel tax targeted at the country’s largest city, Auckland.

In combination, the two taxes could see petrol in Auckland set consumers back by an extra NZD 0.20 per litre.

Sam Warburton explained that the financial impact of petrol excise taxes are directly tied to the amount of petr...

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Electric Cars Cutting NZ Road Funds

January 31, 2018 Taxation in New Zealand

electric vehicle taxesWELLINGTON – Electric cars could be jeopardizing the future of New Zealand’s highways.

The principal adviser for the Automobile Association of New Zealand, Barney Irvine, has issued a warning that the increasing uptake of electric vehicles in the country could threaten the funding needed to maintain and develop the national road infrastructure.

Currently, the maintenance, upgrades, development, and police enforcement of the national highway system is funded from the National Land Transport Fund.

The money used in the fund is derived from the tax levied on the sale of petrol, with approximately NZD 0.50 per litre being diverted to the fund.

Diesel cars also contribute to the fund via an annual tax bill levied at a rate of approximately NZD 0...

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Estonia Upsets Truckers With Digital Taxes

January 15, 2018 Taxation in Estonia

Estonia truck taxTALLINN – While many laud Estonia’s push for a digital government, some truck drivers are now claiming that the movement is interfering with their work.

According to the head of the Association of Estonian International Road Carriers, Einar Vallbaum, the country’s lack of road tax filling stations is a significant weakness in the national tax system which is leading to non-compliance.

On January 1st 2018 Estonia reformed the road taxes applied to trucks travelling through the country, meaning that all trucks with a weight in excess of 3.5 tons need to pay a tax.

However, along with the change, the government ceased the use of road-side filling stations which allowed drivers to pay for their daily or annual tax obligation, while also receiving a sticker showing that the tax is paid.

Th...

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Electric Cars Make Up Half of Norway’s Car Sales

January 4, 2018 Taxation in Norway

tesla tax norwayOSLO – Teslas and other electric cars are enjoying unprecedented levels of sales in Norway due to the country’s tax break.

New data published by the government of Norway shows that more than half of all car sales in the country in 2017 were electric and hybrid cars.

The level of sales of the environmentally friendly cars was attributed to the tax breaks offered on the sale of electric and hybrid vehicles, and the raft of subsidies offered to owners of such vehicles.

Approximately 52 percent of all new cars sold were hybrid and electric cars, marking the first time that electric vehicles held a higher portion of the market than conventional petrol vehicles.

Norway is often regarded as a good example of pushing for more electric cars to be bought, with sales and take up far exceeding the r...

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Reduce Car Taxes, Reduce Road Crashes

December 21, 2017 Taxation in Australia

car taxCANBERRA – If Australia dropped its car import tax, the national road toll would drop.

New research released by the Australian Automobile Association (AAA) has indicated that dropping taxes on car imports in the country will lead to a reduced road roll and will save healthcare expenditure.

Australia currently has an unusually old car fleet for a developed country, and the state and technology of the cars result in a disproportionately high road toll.

The average age of a passenger vehicle in the country is 9.8 years, while light commercial vehicles are an even older 10.4 years.

If the age of the fleet was reduced by even 1 year, road crashes would be reduced by 5.4 percent, and lead savings of 3.3 billion in healthcare costs over the coming 20 years.

The reduction in the age of the car ...

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