Luxury cars worth N432m crushed by Philippine’s President to combat smuggled vehicles

02/12/2018 Same topic: Auto industry: Weekly updates
Read on to get more details about this strict implementation of President Duterte.

According to the latest car news, Mr. Rodrigo Duterte - Philippine President has maneuvered bulldozers to destroy smuggled vehicles which cost up to $1.2 million. The operation was carried out at the Bureau of Custom, few days after the President made a promise to erase vehicles illegally imported to the Philippines.

'Racket has to stop’: Duterte bulldozes luxury cars to send message to smugglers

Even some luxurious cars priced at up to $115,000 were also destroyed virtually. In fact, it took only a few minutes to make them become scrap metal.

some luxurious cars were also destroyed

Even some luxurious cars priced at up to $115,000 were also destroyed virtually

Mr. Duterte was on his crackdown to see BMWs, Jaguars and Corvette Stingray Lexus were crushed. He required delivering them to steel buyers. He said that the steel buyers can’t own luxurious vehicles like that but they can make toys out of them.

Last year, the Bureau of Customs confiscated $2.93 million worth of smuggled vehicles. According to the data of the government, this number is a part in the total of $866 million in confiscated goods.

smuggled vehicles

Last year, the Bureau of Customs confiscated $2.93 million worth of smuggled vehicles

The Minister of Finance also added: “It does not pay to evade taxes in the Philippines so might as well stop trying, because you will never succeed.” just before 20 cars is going to be destroyed at the Port of Manila. Another 10 were crushed at ports in Cebu and Davao. Smuggling of cars is an urgent problem in this Southeast Asian nation where the taxes for cars may be up to 50% for ones priced at more than about $ 77,000.

Usually, smuggled and seized cars are confiscated, after that they will be auctioned by the government, but the President said that it was not a matter, he would pay for them.

 smuggled cars

Usually, smuggled and seized cars are confiscated and auctioned by the government

Duterte, who is famous for his bloody war on contempt for criminals and drugs, has made a promise to open a golden time of infrastructure in 6 years, which will cost $180 billion. He also designed a comprehensive program of tax reform to support it.

Duterte

Duterte, who is famous for his bloody war on contempt for criminals and drugs, has made a promise to open a golden time of infrastructure in 6 years

What do you think about the decisive actions of the President Duterte? Is it possible for Nigeria?

>>> Click here to catch more updates in the auto industry

Recent posts

FEATURED TOPICS

MOST VIEWED ARTICLES