Car manufacturers moan about new tax, miss point
The National Association of Automobile Manufacturers of SA is warning that the poor, overburdened consumer will have to pay the cost on a tax increase based on the carbon emissions of each model, and is angling for a delay in its implementation on that basis. The adjusted ad valorum tax is due in March, if implemented, and will penalise inefficient engines with a price increase of between 2% and 8%. The manufacturers don’t seem to grasp the concept of a penalty tax; consumers are supposed to pay more if they choose a less efficient vehicle, guys. Also, while this is a nice try it isn’t going to redirect buyer anger over continued high car prices in the direction of government.
Read more: Business Report