| 03 August 2012 |
Aug 3: PKR de facto leader Anwar Ibrahim has unveiled five missions of a
'reformed' automotive policy to substantiate the viability of its
earlier proposal to do away with excise duty for new vehicles.
The plan, he said, would be presented to Pakatan Rakyat partners DAP and PAS for consideration.
Anwar said the car excise duty would be removed gradually over a period of five years to cushion the impact on used car dealers as well as the flooding of new cars on the road.
“This is to ensure the present used car value will not drop drastically,” he said.
To recover the loss of RM8 billion in government revenue, Anwar said PKR proposed the restructuring of the Approved Permit (AP) system by subjecting it to a three-tier bidding system.
He also said a rise disposable income for the people as a result of decreased price of cars would contribute to higher income tax collection.
A reduction of ad hoc spending by the Prime Minister’s Department is also a way to restore lost income.
Anwar assured that there would be no loss of jobs for employees in the automotive industry, saying a level playing field was attractive to international automotive firms.
“Focus will be also given to improve public transportation which will not take big budget but will prove to be effective. This includes restructuring of Keretapi Tanah Melayu Bhd and the bus network,” he said.
To protect local car manufacturers, Anwar said special incentives would be allocated to improve car quality so that they could compete with foreign carmakers.
Anwar stressed that the proposed automotive policy took into consideration the need for comprehensive public transport with the aim to bring Malaysia as the most public transport-friendly nation within 10 years.
The plan, he said, would be presented to Pakatan Rakyat partners DAP and PAS for consideration.Anwar said the car excise duty would be removed gradually over a period of five years to cushion the impact on used car dealers as well as the flooding of new cars on the road.
“This is to ensure the present used car value will not drop drastically,” he said.
To recover the loss of RM8 billion in government revenue, Anwar said PKR proposed the restructuring of the Approved Permit (AP) system by subjecting it to a three-tier bidding system.
He also said a rise disposable income for the people as a result of decreased price of cars would contribute to higher income tax collection.
A reduction of ad hoc spending by the Prime Minister’s Department is also a way to restore lost income.
Anwar assured that there would be no loss of jobs for employees in the automotive industry, saying a level playing field was attractive to international automotive firms.
“Focus will be also given to improve public transportation which will not take big budget but will prove to be effective. This includes restructuring of Keretapi Tanah Melayu Bhd and the bus network,” he said.
To protect local car manufacturers, Anwar said special incentives would be allocated to improve car quality so that they could compete with foreign carmakers.
Anwar stressed that the proposed automotive policy took into consideration the need for comprehensive public transport with the aim to bring Malaysia as the most public transport-friendly nation within 10 years.
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