The Truth About Cars » Tax http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Fri, 12 Feb 2016 18:54:02 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » Tax http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com Cash Strapped California Exploring Vehicle Miles Traveled Tax http://www.thetruthaboutcars.com/2014/05/cash-strapped-california-exploring-vehicle-miles-traveled-tax/ http://www.thetruthaboutcars.com/2014/05/cash-strapped-california-exploring-vehicle-miles-traveled-tax/#comments Wed, 07 May 2014 18:52:33 +0000 http://www.thetruthaboutcars.com/?p=817602 California is exploring the possibility of a voluntary Vehicle Miles Traveled (VMT) Tax to help make up for the shortfall in highway funding that is derived from the increase in vehicle fuel efficiency. The VMT was proposed by State Senator Mark DeSaulnier (D-Concord), who says that the gas tax is no longer a sufficient source […]

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California is exploring the possibility of a voluntary Vehicle Miles Traveled (VMT) Tax to help make up for the shortfall in highway funding that is derived from the increase in vehicle fuel efficiency. The VMT was proposed by State Senator Mark DeSaulnier (D-Concord), who says that the gas tax is no longer a sufficient source […]

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Hammer Time: Bankrate.com And The Economics Of Car Ownership http://www.thetruthaboutcars.com/2013/10/hammer-time-bankrate-com-and-the-economics-of-car-ownership/ http://www.thetruthaboutcars.com/2013/10/hammer-time-bankrate-com-and-the-economics-of-car-ownership/#comments Mon, 21 Oct 2013 14:08:19 +0000 http://www.thetruthaboutcars.com/?p=629138 One thousand, nine hundred, and fifty two dollars. That is how much the average Georgian is supposed to pay in tax, title, and registration fees every year according to Bankrate.com. When I read that factoid, my eyebrows almost flew off my head. The amount had no cents, and the statement made no sense because I […]

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One thousand, nine hundred, and fifty two dollars. That is how much the average Georgian is supposed to pay in tax, title, and registration fees every year according to Bankrate.com. When I read that factoid, my eyebrows almost flew off my head. The amount had no cents, and the statement made no sense because I […]

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Canada To End Duties On Imported Vehicles From The EU, Will Recognize EU Standards http://www.thetruthaboutcars.com/2013/10/canada-to-end-duties-on-imported-vehicles-from-the-eu/ http://www.thetruthaboutcars.com/2013/10/canada-to-end-duties-on-imported-vehicles-from-the-eu/#comments Fri, 18 Oct 2013 14:02:06 +0000 http://www.thetruthaboutcars.com/?p=626881 As part of a new free trade agreement due to be signed with the European Union, Canada will remove its 6.1 percent tariff on imported vehicles from the European Union, while the EU will remove its 10 percent duties on autos and and its 4.5 percent duty on parts. According to The Globe and Mail, […]

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As part of a new free trade agreement due to be signed with the European Union, Canada will remove its 6.1 percent tariff on imported vehicles from the European Union, while the EU will remove its 10 percent duties on autos and and its 4.5 percent duty on parts. According to The Globe and Mail, […]

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High C02 Tax May Lead To Mass Scrappage In The UK http://www.thetruthaboutcars.com/2013/06/high-c02-tax-may-lead-to-mass-scrappage-in-the-uk/ http://www.thetruthaboutcars.com/2013/06/high-c02-tax-may-lead-to-mass-scrappage-in-the-uk/#comments Thu, 13 Jun 2013 14:31:02 +0000 http://www.thetruthaboutcars.com/?p=491989 A scheme to tax cars based on their C02 output could have the unintended consequence of causing UK motorists to scrap tens of thousands of perfectly good cars in the UK, solely because their annual tax rates, based on C02 consumption, have become too expensive for many motorists. The increase in tax rates would hit […]

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A scheme to tax cars based on their C02 output could have the unintended consequence of causing UK motorists to scrap tens of thousands of perfectly good cars in the UK, solely because their annual tax rates, based on C02 consumption, have become too expensive for many motorists. The increase in tax rates would hit […]

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The Mileage Tax Cometh: The State Giveth, The State Taketh Away http://www.thetruthaboutcars.com/2013/06/the-milaege-tax-cometh-the-state-giveth-the-state-taketh-away/ http://www.thetruthaboutcars.com/2013/06/the-milaege-tax-cometh-the-state-giveth-the-state-taketh-away/#comments Mon, 10 Jun 2013 12:50:57 +0000 http://www.thetruthaboutcars.com/?p=491477     “Hybrid and electric cars are sparing the environment. Critics say they’re hurting the roads,” writes Bloomberg. “The popularity of these fuel-efficient vehicles is being blamed for a drop in gasoline taxes that pay for local highway and bridge maintenance, with three states enacting rules to make up the losses with added fees on […]

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    “Hybrid and electric cars are sparing the environment. Critics say they’re hurting the roads,” writes Bloomberg. “The popularity of these fuel-efficient vehicles is being blamed for a drop in gasoline taxes that pay for local highway and bridge maintenance, with three states enacting rules to make up the losses with added fees on […]

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We’re Not Getting The Holden Ute, But Not For Reasons You’d Expect http://www.thetruthaboutcars.com/2013/06/were-not-getting-the-holden-ute-but-not-for-reasons-youd-expect/ http://www.thetruthaboutcars.com/2013/06/were-not-getting-the-holden-ute-but-not-for-reasons-youd-expect/#comments Mon, 03 Jun 2013 15:59:37 +0000 http://www.thetruthaboutcars.com/?p=490631 Every so often, the same tired rumor will pop up again, like a particularly resilient pimple that habitually reappears in the same conspicuous spot. Thanks to the incessant hunger for clicks among auto websites, these rumors refuse to die, no matter how asinine they are. How many times have you seen a “BREAKING” or “EXCLUSIVE” […]

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Every so often, the same tired rumor will pop up again, like a particularly resilient pimple that habitually reappears in the same conspicuous spot. Thanks to the incessant hunger for clicks among auto websites, these rumors refuse to die, no matter how asinine they are. How many times have you seen a “BREAKING” or “EXCLUSIVE” […]

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Tax Saabotage: Muller And Saab Board (=Muller) Target Of Swedish Government, Paper Says http://www.thetruthaboutcars.com/2013/05/tax-saabotage-muller-and-saab-board-muller-target-of-swedish-government-paper-says/ http://www.thetruthaboutcars.com/2013/05/tax-saabotage-muller-and-saab-board-muller-target-of-swedish-government-paper-says/#comments Thu, 30 May 2013 12:17:13 +0000 http://www.thetruthaboutcars.com/?p=490015 Despite Victor Muller’s assurances that he is innocent, that he has not been accused of any crime, and that Sweden’s Economic Crime Authority most likely only wants to invite him for a friendly chat, Sweden’s  Göteborgs-Posten thinks it knows who is the target of the investigation:  Victor Muller, and Saab’s board. In the end, Victor […]

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Despite Victor Muller’s assurances that he is innocent, that he has not been accused of any crime, and that Sweden’s Economic Crime Authority most likely only wants to invite him for a friendly chat, Sweden’s  Göteborgs-Posten thinks it knows who is the target of the investigation:  Victor Muller, and Saab’s board. In the end, Victor […]

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Tax Saabotage: Swedish Economic Crime Authority To Question Muller http://www.thetruthaboutcars.com/2013/05/tax-saabotage-swedish-economic-crime-authority-to-question-muller/ http://www.thetruthaboutcars.com/2013/05/tax-saabotage-swedish-economic-crime-authority-to-question-muller/#comments Wed, 29 May 2013 13:29:39 +0000 http://www.thetruthaboutcars.com/?p=489944 Former Saab Chairman Victor Muller “will be called in to answer questions related to a Swedish inquiry into alleged tax offenses at the bankrupt carmaker,” Sweden’s  Economic Crime Authority told Reuters. When news spread last week that Muller will be called on the carpet, Victor took to his favorite mouthpiece, Saabsunited, and said it is […]

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Former Saab Chairman Victor Muller “will be called in to answer questions related to a Swedish inquiry into alleged tax offenses at the bankrupt carmaker,” Sweden’s  Economic Crime Authority told Reuters. When news spread last week that Muller will be called on the carpet, Victor took to his favorite mouthpiece, Saabsunited, and said it is […]

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Tax Saabotage: Victor Muller Named As Suspect http://www.thetruthaboutcars.com/2013/05/tax-saabotage-victor-muller-named-as-suspect/ http://www.thetruthaboutcars.com/2013/05/tax-saabotage-victor-muller-named-as-suspect/#comments Thu, 23 May 2013 07:43:12 +0000 http://www.thetruthaboutcars.com/?p=489341 As suspected, the Swedish Saab scandal  over avoided taxes grows wider.  Yesterday, it reached the failed takeover artist Victor Muller. “Muller prime suspect in Saab tangle,” headlines Swedens Svenska Dagbladet, The paper obtained court documents that say Muller is wanted for questioning. “Victor Muller is going to be called into the Financial Crimes Unit,” Chief […]

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As suspected, the Swedish Saab scandal  over avoided taxes grows wider.  Yesterday, it reached the failed takeover artist Victor Muller. “Muller prime suspect in Saab tangle,” headlines Swedens Svenska Dagbladet, The paper obtained court documents that say Muller is wanted for questioning. “Victor Muller is going to be called into the Financial Crimes Unit,” Chief […]

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Tax Saabotage: Three Former Saab Execs Arrested, Victor Muller’s Offices Searched http://www.thetruthaboutcars.com/2013/05/tax-saabotage-three-former-saab-execs-arrested-victor-mullers-offices-searched/ http://www.thetruthaboutcars.com/2013/05/tax-saabotage-three-former-saab-execs-arrested-victor-mullers-offices-searched/#comments Tue, 21 May 2013 15:15:27 +0000 http://www.thetruthaboutcars.com/?p=489134 Key members of the board of bankrupt carmaker Saab were arrested yesterday on suspicions of tax evasion.  Former Saab General Counsel Kristina Geers, former CFO Karl-Gustav Lindstrom, and former CEO Jan Åke Jonsson spent the night in jail. After a serious grilling, the three were released today. At the same time, the offices of  Spyker […]

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Key members of the board of bankrupt carmaker Saab were arrested yesterday on suspicions of tax evasion.  Former Saab General Counsel Kristina Geers, former CFO Karl-Gustav Lindstrom, and former CEO Jan Åke Jonsson spent the night in jail. After a serious grilling, the three were released today. At the same time, the offices of  Spyker […]

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Demise Of Kei Cars Predicted http://www.thetruthaboutcars.com/2012/11/demise-of-kei-cars-predicted/ http://www.thetruthaboutcars.com/2012/11/demise-of-kei-cars-predicted/#comments Mon, 12 Nov 2012 12:28:49 +0000 http://www.thetruthaboutcars.com/?p=466608 Japan’s minivehicles or “kei” cars could lose their (next to their cuteness) biggest attraction: The tax benefit. The Japanese government is thinking about charging the same tax for regular cars and mini vehicles alike, The Nikkei [sub] writes. An end to the favorable kei car tax treatment could be the price to pay for a […]

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Japan’s minivehicles or “kei” cars could lose their (next to their cuteness) biggest attraction: The tax benefit. The Japanese government is thinking about charging the same tax for regular cars and mini vehicles alike, The Nikkei [sub] writes. An end to the favorable kei car tax treatment could be the price to pay for a […]

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Ford Could Boost Displacement Of Ecoboost 3-Cylinder http://www.thetruthaboutcars.com/2012/11/ford-could-boost-displacement-of-ecoboost-3-cylinder/ http://www.thetruthaboutcars.com/2012/11/ford-could-boost-displacement-of-ecoboost-3-cylinder/#comments Thu, 01 Nov 2012 15:50:45 +0000 http://www.thetruthaboutcars.com/?p=465614 The 3-cylinder Ecoboost engine developed by Ford won’t necessarily stay at its current displacement of 1.0L. According to the Blue Oval, there’s a fair bit of power – and displacement – left on the table. In world markets where vehicles are taxed on displacement, the 999cc engine is a boon to buyers who can buy […]

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The 3-cylinder Ecoboost engine developed by Ford won’t necessarily stay at its current displacement of 1.0L. According to the Blue Oval, there’s a fair bit of power – and displacement – left on the table. In world markets where vehicles are taxed on displacement, the 999cc engine is a boon to buyers who can buy […]

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San Francisco Begins Investigating Cost-Per-Mile Driving http://www.thetruthaboutcars.com/2012/07/san-francisco-begins-investigating-cost-per-mile-driving/ http://www.thetruthaboutcars.com/2012/07/san-francisco-begins-investigating-cost-per-mile-driving/#comments Tue, 24 Jul 2012 15:45:49 +0000 http://www.thetruthaboutcars.com/?p=453997 The San Francisco Bay area will investigate a proposal to implement cost-per-mile driving, as a way to raise money for public transit and road repair while reducing pollution and congestion. MercuryNews.com reports that “…drivers could be required to install GPS-like odometers or other devices in their vehicles and pay from less than a penny to […]

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The San Francisco Bay area will investigate a proposal to implement cost-per-mile driving, as a way to raise money for public transit and road repair while reducing pollution and congestion. MercuryNews.com reports that “…drivers could be required to install GPS-like odometers or other devices in their vehicles and pay from less than a penny to […]

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Georgia Enacts Speeding Ticket Tax http://www.thetruthaboutcars.com/2010/01/georgia-enacts-speeding-ticket-tax/ http://www.thetruthaboutcars.com/2010/01/georgia-enacts-speeding-ticket-tax/#comments Wed, 06 Jan 2010 14:45:22 +0000 http://www.thetruthaboutcars.com/?p=340885 Drivers in Georgia were hit for the first time last Friday with a new tax on speeding tickets designed to raise between $25 and $30 million in annual revenue for the general fund. The plan was modeled on the driver responsibility taxes in states like Michigan, New Jersey, New York and Texas. A similar plan […]

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Drivers in Georgia were hit for the first time last Friday with a new tax on speeding tickets designed to raise between $25 and $30 million in annual revenue for the general fund. The plan was modeled on the driver responsibility taxes in states like Michigan, New Jersey, New York and Texas. A similar plan […]

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New Stimulus Package: Tax Deductions for Car Loans and Sales Tax http://www.thetruthaboutcars.com/2009/02/new-stimulus-package-tax-deductions-for-car-loans-and-sales-tax/ http://www.thetruthaboutcars.com/2009/02/new-stimulus-package-tax-deductions-for-car-loans-and-sales-tax/#comments Wed, 04 Feb 2009 00:52:00 +0000 http://www.thetruthaboutcars.com/?p=238322 The Detroit Free Press reports that Senator Barbara Mikulski (D-MD) has added some car dealer-friendly provisions to the proposed $43g (gazillion) economic stimulus package. Mikulski’s proposal would grant a tax credit for vehicles bought between Nov. 12 of last year and Dec. 31 of this year. The tax break would only go to families making less than $250,000 […]

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The Detroit Free Press reports that Senator Barbara Mikulski (D-MD) has added some car dealer-friendly provisions to the proposed $43g (gazillion) economic stimulus package. Mikulski’s proposal would grant a tax credit for vehicles bought between Nov. 12 of last year and Dec. 31 of this year. The tax break would only go to families making less than $250,000 […]

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