Posted by: Kiddo May 5, 2013
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I think you couldn't be farther from the truth.
An average middle class family in Kathmandu can afford a car, specially with the advent of bank loans. However, average middle class family in KTM is probably not even one percent in the entire country and 90 % of the country is below this class in economic standards. As such, cars are still a luxury item.
While Import taxes like these make more sense if similar products were produced inside the country, in our context it still is not totally baseless given the limited road in the cities where they will be rolling...like Magorkhe pointed out as well.
An average middle class family in Kathmandu can afford a car, specially with the advent of bank loans. However, average middle class family in KTM is probably not even one percent in the entire country and 90 % of the country is below this class in economic standards. As such, cars are still a luxury item.
While Import taxes like these make more sense if similar products were produced inside the country, in our context it still is not totally baseless given the limited road in the cities where they will be rolling...like Magorkhe pointed out as well.