Dumaguete Info Search


TRAIN

Discussion in 'Banking - Investing - Finances' started by Notmyrealname, Feb 16, 2018.

  1. Notmyrealname

    Notmyrealname DI Forum Patron Highly Rated Poster Showcase Reviewer

    Messages:
    1,562
    Trophy Points:
    211
    Ratings:
    +1,540 / -1
    Has there been a thread on TRAIN (Tax Reform for Acceleration and Inclusion)?

    What’s in the approved TRAIN Tax Reform of 2018?

    This started in January and has considerable implications for taxes on new cars (already featured in another thread last year) plus fuel (which will have knock on effects on most other prices, including food). Not a big problem for most foreigners I think, but another hit for those living in poverty perhaps.
     
    • Agree Agree x 1
    • Informative Informative x 1
  2. Dave_Hounddriver

    Dave_Hounddriver DI Forum Patron Highly Rated Poster

    Messages:
    1,953
    Trophy Points:
    331
    Ratings:
    +2,376 / -2
    I think thats the plan. Gotta keep the poor people from buying cars and driving them. There are getting to be so many of them on the streets that the traffic is getting too much for the rich. (Sarcasm)
     
    • Agree Agree x 2
  3. DavyL200

    DavyL200 DI Forum Luminary ★ Global Mod ★ Highly Rated Poster Showcase Reviewer

    Messages:
    3,603
    Trophy Points:
    401
    Location:
    On an island
    Ratings:
    +4,451 / -0
    A friend of mine bought a new pickup last week and i was surprised that the new train tax did not include pickups. The reason is that pickups are not classed as a luxury and classed as a utility needed for business.
    Im sure we will now see alot more new pickups on the road.
     
    • Informative Informative x 5
  4. Jens K

    Jens K DI Member

    Messages:
    231
    Trophy Points:
    130
    Ratings:
    +289 / -0
    Blood Type:
    AB+
    Quite some interesting things in there.

    Taxing Petrol, coal, tobacco, sugar, cars certainly makes sense from an "influence consumer behavior" POV. Though the pickup exemption is questionable at least. I'm already sick of those orange pimped Rangers and the like, can only get worse. 6% tax on any gift or donation over 250k regardless of relationship between the parties sounds harsh. Exception on the sugar tax for 3-in-1 coffee WTF?!
     
Loading...