regional fuel tax tagged posts
March 31, 2011 New Zealand Taxation
The General Manager of the independent fuel retailer Gull New Zealand Dave Bodger has criticized the Auckland City Council’s proposal to use a regional fuel tax to fund public transport projects and infrastructure improvements.
The Auckland City Council has revealed its plans to use a 30-year loan to fund local infrastructure and transport initiatives, with repayments being covered by a new set of fuel taxes levied in the Auckland region. It is estimated that to raise the revenues necessary to cover the payments, a tax of 30 cents per liter would be required.
On March 29th Dave Bodger came forward and branded the plans as a “highway to hell”, asking, “…why introduce something that we already know won’t work, which is why it was abandoned in the first place?” He suggested that such an exo...Read More
August 18, 2008 New Zealand Taxation
Auckland Regional Council has recently proposed new regulations which would see motorists having to pay a regional fuel tax. Commencing in the July of 2009, a 1 cent tax would be charged on every litre of petrol sold. This figure is set to increase to a further 5 cents within the following three years.
The new scheme could raise a possible $600 million annually, to be used towards improvement of the public transport system. The new scheme is yet to be approved by the New Zealand Government ministers.Read More