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Singapore caps luxury and supercar sales


After the government instituted measures that would tackle the nation’s growing social inequality, sales of supercars in Singapore have tumbled by up to 90 %, registering their lowest levels in years. As carmakers including Maserati, Lamborghini and McLaren (who just last year opened its first showroom there) flocked to the Asian state because of growing population of billionaires, the local government ...
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More tax articles

Chairman: FCA moves tax base to UK to lure investors
The Italian car maker's chairman told Italian daily La Stampa in an interview that Fiat wants to establish the tax domicile of the new Fiat Chrysler Automobiles group in the ...
US Congress could raise gas taxes in 2014
With the US Congress facing a major shortfall in transportation funding next year, Congress is eying a boost in the federal gas tax to make up the difference. Rep. Earl Blumenauer ...
Ford gets new US court hearing on $445M interest bid
To resolve a long-running Ford tax dispute on whether the automaker is entitled to $445 million in interest on taxes it overpaid the U.S. Supreme Court on Monday sent it ...
State Senate Approves Tax Cut For New Cars
Today, February 6th, the state Senate approved the legislation according to which sale tax of new cars and boats will be collected in Michigan by exempting the allowance for trade-ins. Sen. ...
Greece: There are more Porsche Cayennes than tax payers who can afford them
A weird situation has come to light in Greece and after the country is close to entering default, recent surveys have shown that there are actually more Porsche Cayenne SUVs ...
Hurry – Hybrid and diesel tax credits are expiring
If you’ve been putting off buying a hybrid or diesel vehicle, don’t wait any longer. The tax credits are set to expire December 31 of this year. “Hybrid, diesel and compressed ...

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