Car 01 (May 08 - Dec 12)

[iam802]

There are those who make >$250k and cry and there are those who don't cry.

The key difference is what's taxable and what's not.

Just like companies put all their profitable business units in strategic locations where they are tax less and back in US... are the money losing business units.

[Poles]

Bruudders....see below for this week collections.....Huat Ah!

A CAR (1600CC & BELOW) & TAXI 705 34001 23970705
B CAR (ABOVE 1600CC) 571 45501 25981071
C GOODS VEHICLE & BUS 180 36511 6571980
D MOTORCYCLE 338 1221 412698
E OPEN 372 49000 18228000
S$75,164,454

[kennynah]

how to set up a OTC business?...trade COEs futures...Dec/Mar/Jun/Sept contracts....

[iam802]

how to set up a OTC business?...trade COEs futures...Dec/Mar/Jun/Sept contracts....

Start with trading the COE itself (that's what the car dealers are doing).

[kennynah]

maybe make it more exciting....setup the derivative...Options on COE Futures...

[Poles]

difficult. this is insider business.......just like stock market...BB pushes the price up...retail pay the price

[kennynah]

get MBT's wife as a director of this derivative venture... pao win !!

eg.

European style only
COEM2010....................Strike............Call
1600C.......................$38000............$10.00
>1600CC...................$48000............$12.00

COEU2010....................Strike............Value
1600C.......................$38000............$20.00
>1600CC...................$48000............$22.00

[kanglc]

I guess of all the taxes, I am only paying the 7% GST. Income tax should be zero for this year cos of my parenthood rebate! No other taxes I can think of which affect me (don't smoke, don't drink, don't drive). Hahaa!

Rise in housing and car prices hit everybody. If you own or planning to own one, you are directly affected. Otherwise you are indirectly affected.

[millionairemind]

Apr 9, 2010
How high will COE prices go?
By Christopher Tan, Senior Correspondent

BIG spikes in certificate of entitlement (COE) prices have raised the question of whether they will hit levels seen in 1994, when premiums peaked at $110,500.

No, say motor traders and industry watchers, pointing to vastly different market conditions and changes made to the COE system over the years.

But they expect current prices of $30,000 to $40,000 to be the norm for some time to come.

Dealers contacted said several factors led to the premiums topping $100,000 in the mid-1990s, and the main reason was widespread speculation.

Punters used to place ever-higher bids to secure COEs in order to resell them at a profit. And if a speculator could not resell a costly COE, he would use it to buy a cheap motorcycle and deregister it immediately to recover his outlay.

But after COE prices peaked, the Government stepped in quickly with a slew of measures, including making car COEs non-transferable.

[Poles]

it is a big cash cow for many.........

all you need it just to allow owner to bid for themselve with 10k deposit for a month.......then again it is CASH COW....why kill it??