Truck taxes deplored
(N.Z. Press Association)
NEW PLYMOUTH, Sept. 27. “Huge” tax levies on heavy trucks were criticised by the president of the Road Carriers’ Association, (Mr E. R. Dix, of Marton), at the association’s annual conference.
Mr Dix said the levies had forced carriers into borrowing money to pay tax on vehicles which were worth in real terms not much more than half the retail price. A Continental or Japanese vehicle costing $24,000 on the New Zealand market today was really worth only $14,000 — the other $lO,OOO was tax, said Mr Dix.
Customs duty and sales tax made up 28 per cent of the retail price of a British truck, and no less than 40 per cent of the price of a foreign truck. “Road transport,” he said, "is the only industry in New Zealand which is required to pay sales tax on major capital equipment.” Such levies were imposed on no other form of public transport, said Mr Dix.
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Bibliographic details
Press, Volume CXII, Issue 33033, 28 September 1972, Page 9
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161Truck taxes deplored Press, Volume CXII, Issue 33033, 28 September 1972, Page 9
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