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Author Topic: ERP Charges Do Not Yield Profits For Govt  (Read 3478 times)
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bonafide

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« on: June 25, 2008, 03:47:41 AM »


Taken from: http://views.sg/index.php?option=com_discussion&file=article&id=3166

The sole purpose of implementing ERP gantries is to ease road congestion and not to raise Singaporeans' living costs. Even with the new total count of 65 gantries (CAA 23 Jun 2008) and increased ERP rates, the government does not generate profits from the fees collected as mentioned in The Straits Times, 23 June 2008.
The breakdown stated is as follows:

Collection after ERP increase: $70 million
Loss due to 15% reduction in road tax: $110 million
Net Loss: $40 million
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Miracle

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« Reply #1 on: June 25, 2008, 07:06:56 AM »

Wow... Then STOP the BLOODY ERP and lower our TAXES!!

THAT S$40 mil are OUR money.
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