Jordan cuts passenger car taxes by 50% AMMAN — Jordan is cutting passenger car tariffs by 50% to stimulate growth, structural reforms and entry into the World Trade Organization (WTO). Carbuyers now will pay 53% to 100% taxes compared to 105% to 200%. The move is expected to push retail prices down at least 30% to 35%. But gas prices will be raised at least 10% to make up for the tax cut. This is the first time gas prices have been raised in almost a decade. Jordan had hoped to gain ...
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