Thursday, February 18, 2010

The Car Carbon Tax

“New passenger vehicles will be taxed based on their certified CO2 emissions at R75 per g/km for each g/km above 120 g/km.”

According to Car Pages, there are in the UK 904 cars under 120 g/km (no tax), 6142 between 120 and 185 g/km, and 2556 cars over 185 g/km (going up to 500 g/km for a Lamborghini Murcielago LP640 Roadster).

Thus, assuming similar cars come to SA, 9% will have no tax, 67% will be taxed between R0 and R5000, and 24% over R5000 per car. This is peanuts.

I recon the cars over 185 g/km (25% of all cars) should get NAILED!

Frank

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