- Jul 19, 2004
- 73
- 2
- 3,008
How our country is possibly being short changed TWO WAYS
1) When a vehicle arrives on our shore - Custom duties are not paid in full,
2) When a vehicle is sold to a customer - The selling price of the vehicle includes the APs "cost" (i.e if the AP holder sells the AP outright), in addition to the profit margin they want to make.
APs as we know are sold for 40k outright and if we take approx an ave. profit margin of a car that sells for 170k to 200k to be conservatively 30k.
We will derive a Gross Margin = 40 + 30 = 70k per car
If an AP company have been in business for the past 15 years and receiving 20,000 APs a year
Total Profit for the past 15 years = 70k per car X 20,000 APs/year X 15 years = a staggering Profit of RM 21 billion !
The question ? was Corporate Tax actually paid on that Rm21 billion i.e RM5.9 billion
And this is only a scenario for ONE company
Uncle Sam these are actual statistic AP numbers provided by the govt....
We can build many hospitals with that kind of taxes
1) When a vehicle arrives on our shore - Custom duties are not paid in full,
2) When a vehicle is sold to a customer - The selling price of the vehicle includes the APs "cost" (i.e if the AP holder sells the AP outright), in addition to the profit margin they want to make.
APs as we know are sold for 40k outright and if we take approx an ave. profit margin of a car that sells for 170k to 200k to be conservatively 30k.
We will derive a Gross Margin = 40 + 30 = 70k per car
If an AP company have been in business for the past 15 years and receiving 20,000 APs a year
Total Profit for the past 15 years = 70k per car X 20,000 APs/year X 15 years = a staggering Profit of RM 21 billion !
The question ? was Corporate Tax actually paid on that Rm21 billion i.e RM5.9 billion
And this is only a scenario for ONE company
Uncle Sam these are actual statistic AP numbers provided by the govt....
We can build many hospitals with that kind of taxes
