Tuesday, August 9, 2011

RK: Yet another burden on the consumer; something which will not exactly be welcomed in this overtaxed country.

Eh: Yes it is indeed unfortunate but essential.
There is no doubt in anyone’s mind that we
need to deal with the waste tyre problem, if
we don’t want to leave the current and future
generations with a polluted wasteland. The
government will not apply tax revenue to address
the issue and the ‘user pays’ principle
is the only viable manner in which this matter
can be dealt with. This is a principle applied
widely in other instances, both locally and
abroad, as it is internationally accepted as the
fairest manner for users of a product to shoulder
responsibility for the cost of managing
environmental hazards which may be caused
thereby. A waste tyre management fee, which
is not included in the pricing of the product is
preferable as it will not lead to product price
inflation, can easily be identified in the supply
chain and prevents operators from deriving
financial benefit through shrewd accounting.

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