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FUEL TAX REBATES * WORLDWIDE
* South Korea - Gov’t to Spend 10 Trillion Won to Counter Record Oil Prices
Drivers of buses, trucks or coastal cargo ships, farmers, fishermen and owners of cargo trucks of 1 ton or smaller will be also subject to government subsidies amounting to half of the recent oil price increase
Seoul,South Korea -The Dong-A llbo -June 9, 2008: -- To help struggling petrol users amidst continuing oil price hikes, the government decided to provide a one-year package of tax rebates and subsidies to 13.8 million workers and self-employed businessmen starting next month. The amount of direct cash compensation is expected to be limited to 240,000 won per head, or 3.14 trillion won in total... The relief is part of the comprehensive measures to overcome high oil prices, drafted by the high-level conference between the government and the ruling Grand National Party held on Sunday morning at the prime minister’s residence... The tax rebates, first of their kind in the nation, apply indiscriminately even to the class without income...
* South Korea - Truck Drivers Critical of Oil Subsidy Offer
Seoul,S. Korea -The Korea Times, by Kim Tae-jong -8 June 2008: -- Tuck drivers and bus operators Sunday denounced the government's new countermeasure to help them cope with the soaring diesel fuel prices as an "unpractical temporary remedy." ... The criticism came as the government announced it will implement a tax rebate system from July 1 as a measure to help truck drivers and bus operators survive the diesel price hike...
* Chile - Govt. reaches compromise deal with trucking industry: 80 percent return on truckers' fuel taxes
Valparaiso,Chile -The Valparaiso Times, by Elaine Ramirez -8 June 2008: -- The Confederation of Truck Drivers' (CDNC) nationwide strike came to an end early Friday morning after the government negotiated a fuel tax compromise with Chile's trucking union... On the third day of the strike that put 6,000 trucks off the highways, Transportation Minister René Cortázar led round-table negotiations Thursday evening with seven trucking union directors, including CNDC President Juan Araya, to reach an agreement on fuel tax relief. To strike a deal, the government agreed to kick back 80 percent of the fuel taxes now paid by truckers. Initially, the government proposed a 25 percent reimbursement, then a 50 percent reimbursement... After several tense hours and at least four different offers, Cortázar raised his offer to an 80 percent return on truckers' fuel taxes. Near 2 a.m. Friday morning, Araya finally compromised and called off the strike...Labels: fuel tax rebates
posted by Unknown @ 4:35 AM
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