Reducing excise duties for imported cars will result in the collapse of the second-hand market, said PM Datuk Seri Najib Tun Razak. He added that such the government will potentially incur a revenue depreciation in such a move, as it collects RM7 billion a year in import car excise duty, according to a Bernama report.
“We need to look in depth. It is not the time to come up with long-term solutions,” he said at #Tanya Najib: 2013 Budget Live on Astro Awani last night.
Najib said the government must take into account the entire ecosystem that depends on Proton for survival, not just the interests of the national automaker itself.
“Car ownership in Malaysia is one of the highest in the world and I do realise people want a better choice,” he said.
Recently, Parti Keadilan Rakyat (PKR) proposed to reduce car prices by auctioning Approved Permits (APs), suggesting that APs for cars should go through an open tender which would result in revenue for the country.
Looking to sell your car? Sell it with Carro.
AI-generated Summary ✨
Comments express frustration over high car prices and taxes, with many urging gradual reduction of excise duties to make cars more affordable for low-income Malaysians. There's strong criticism of government policies favoring cronies, AP holders, and Proton, perceived as benefiting a select few at the expense of the rakyat. Several commenters highlight the need for better public transportation and long-term strategies, rather than short-term fixes. Many believe reducing taxes on imported cars would benefit consumers, but some worry about negative impacts on the used car market and government revenue, emphasizing the influence of automotive cronies. Overall, sentiments reflect a desire for fairer policies, less corruption, and real economic benefits for the broader population, rather than protecting special interests or delaying substantial reforms.