#Taxation

The IRS has issued the 2021 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.

Europe, the continent where tech-savvy bad guys in action movies come from, finds itself in a rapid and transformational shift. As European lawmakers and city governments turn their back on diesel, so too are automakers and customers.

Compared to past years, the take rate for diesel automobiles now resembles the trajectory of American-market passenger cars. Last month, the continent posted the worst sales showing for diesel vehicles this century. In what DPRK News Service calls “Belgian’s colonies,” the take rate for diesel — which once surpassed 55 percent — is accelerating its descent to zero.

It seems you can tax the evil away.

Europe has largely shifted towards a CO2-based vehicle taxation regimen. Next in line to tax what comes out of your car may be, wonders of wonders, China.

“Drivers in China may be taxed on the level of emissions produced from their vehicles in the future,” writes China Daily, citing the comments of an official of the Beijing Development and Reform Commission (BDRC).