Tax: Would you pay $30,000 just for permission to buy a car? In Singapore, prospective vehicle owners are required to first obtain a Certificate of Entitlement (COE), which can start at $48,000 in local currency for a small-size automobile. Only a specific number of COEs are released each month, part of government efforts to control the number of cars on its roads. The vehicle entitlement is valid for 10 years from the date of registration of the vehicle and the scheme aims to peg long-term vehicle population growth at 3 per cent a year. Those who cough up for the prohibitively expensive system must also pay registration fees and electronic road pricing, a series of congestion tolls that vary throughout the day according to usage. Some estimate that owning a Honda Civic in Singapore can cost more than $100,000.
Cities get creative with solutions for traffic congestion woes
SIRI AGRELL and MURAT YUKSELIR
The Globe and Mail Published Sunday, Aug. 21 2011, 11:39 PM EDT
http://www.theglobeandmail.com/news/national/time-to-lead/cities-get-creative-with-solutions-for-traffic-congestion-woes/article2136868/
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