Pakatan’s cheap cars plan would not help Malaysian

In Malaysia, taxes are the major source of income for the government, which uses the revenue collected to run the country, but on the contrary, people never enjoy paying taxes.

Revenue collected by the government mainly from corporate and personal income tax. Other big sources of tax revenue are come from taxes on vehicle sales, besides excise taxes on cigarettes, alcohol, tobacco, tires and others.

 

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The tax imposed is not a voluntary payment or donation, but an enforced contribution to pay for the government numerous developments, social and economic programs for the benefits of the people in return.

The entire programs necessary for maintaining and developing the country such as infrastructure, public services, public health, school, roadways, prisons, police, military, disaster, subsidies and others tasks that are necessary for everyday life of the people.

PKR promised that its proposal to slash car taxes would help Proton and the thousands of workers in Malaysia’s automotive industry flourish, thus does not justified.

Big sources of tax revenue in Malaysia come from taxes on vehicle sales.

The cars in US are CBU (complete built up) but in Malaysia are CKD (complete knocked down) cars with more than 50 percent Malaysian content.

Mainstream car prices in US and Malaysia are as follows:

Honda Accord       -US$21,480 (RM64, 440)    -RM150, 000

Honda CRV           -US$22,495 (RM67, 485)     -RM150, 000

Honda Civic          -US$15,955 (RM47, 865)      -RM115, 000

Toyota Altis           -US$16,130 (RM48, 390)     -RM112, 000

Toyota Camry       -US$22,055 (RM66, 165)     -RM180, 000

Kia Sorento           -US$23,150 (RM69, 450)     -RM160, 000

Hyundai Tucson   -US$19,245 (RM57, 735)      -RM140, 000

Hyundai Sonata    -US$20,895 (RM62, 685)    -RM150, 000

Hyundai Elantra   -US$16,695 (RM50, 085)    -RM 98, 000

Luxury car prices

BMW 328i             -US$36,500 (RM109,500)   -RM300,000

BMW 528i             -US$46,900 (RM149, 000)  -RM400, 000

BMW 535i             -US$52,500 (RM157, 000)   -RM600, 000

BMW X5                -US$47,500 (RM142, 500)   -RM580, 000

Mercedes E350  -US$51,000 (RM153, 000) -RM400, 000 (In M'sia for only CKD E250)

Jaguar XF              -US$53,000 (RM159, 000)   -RM500, 000

Jaguar XJ              -US$73,700 (RM221, 000)  -RM1, 000,000

Porsche Cayenne  -US$48,850 (RM146, 000) -RM570, 000