Latest news with #682
The Star
27-05-2025
- Business
- The Star
Proposal to not exempt tax on cross-border e-commerce goods in Vietnam
VCCI believes that the drafting agency should consider applying a comprehensive import tax policy, without exemptions or reductions for imported e-commerce goods. - Photo: HANOI: The Vietnam Chamber of Commerce and Industry (VCCI) has called for clearer regulations on import tax for goods traded via e-commerce. In a recent move, the VCCI submitted its comments on the draft decree concerning customs management of e-commerce imports and exports to the Ministry of Finance (MoF). Evaluating the regulation on import tax exemption for orders with a value of VNĐ1 million (US$40) or less, VCCI said that this mechanism was not really suitable, creating inequality with domestically-produced goods. First, the value of each e-commerce order is often low, mostly not exceeding VNĐ1 million. For example, more than 324.1 million imported products were sold through Shopee last year, generating revenue of VNĐ14.2 trillion, or an average value of only about VNĐ43,682 per product. Thus, the regulation on the tax exemption threshold of VNĐ1 million means that most imported e-commerce goods will not be subject to import tax. Second, domestic manufacturing enterprises must pay import tax on input materials, while imported e-commerce goods are completely exempted. This creates inequality in tax policy, giving foreign goods a competitive advantage. The VCCI believes that the drafting agency should consider applying a comprehensive import tax policy, without exemptions or reductions for imported e-commerce goods. However, the development of import tax policies for e-commerce goods will face many challenges, including the difficulty in applying HS code regulations as for traditionally imported goods for e-commerce goods. The diversity of goods via e-commerce can lead to large-scale difficulties in accurately determining HS codes, delaying customs clearance and delivery, and even leading to order cancellations, causing damage to both sellers and e-commerce platforms. The tax exemption threshold of VNĐ1 million was essentially based on the principle that the administrative costs for low-value goods could far exceed the amount of tax collected, emphasised VCCI. To solve this problem, international experience showed that it was necessary to simplify the tax schedule for e-commerce goods. For example, HS codes (codes for classifying goods in import and export) can be grouped into a number of 'goods baskets' according to industry groups or uses. Each 'basket' corresponds to a specific tax rate. For example, basket one includes clothing, footwear, textiles, bedding; basket two includes electronic devices such as computers, phones, headphones. In this way, businesses can easily classify goods instead of having to determine specific HS codes for each individual product. Canada has applied this form since 2012, using three groups of goods to replace nearly 5,400 HS codes. Therefore, VCCI recommended that the drafting agency consider amending the regulations on import tax on goods via e-commerce in the direction of building a simplified tax rate schedule and applying it to all orders, regardless of value. - Vietnam News/ANN
Yahoo
17-03-2025
- Automotive
- Yahoo
The 2025 Cadillac Escalade IQ Is One Massive EV
"Massive" is a word that gets misused quite often, but it's entirely apropos in the world of the Cadillac Escalade. Step up to the electric Cadillac Escalade IQ, however, and it's more like supermassive black hole, especially if you're cloaked in the shade informally known as Town Car black. That's because the IQ steps things up with a wheelbase that's over 15 inches longer than that of a regular Escalade, plus about an extra foot of overall length. The IQ is wider, too, but it's also slightly lower than a regular Escalade, and it looks even lower than the numbers suggest because its rear end falls away in a graceful arc, not the blunt chopped-off profile of the gas version. It also weighs approximately 9000 pounds, owing to its all-electric powertrain and a massive (there's that word again) lithium-ion battery with 205.0 kWh of usable energy. That's enough juice to power the Escalade IQ for a claimed 460 miles. Note: This Cadillac is exempt from EPA testing and labeling requirements because its Gross Vehicle Weight Rating (GVWR) exceeds 10,000 pounds. It has an 800-volt electrical system that can replenish the battery at up to 350 kW, which is sufficient to add 100 miles of range in 10 minutes, according to Cadillac. These figures are similar to those for the GMC Hummer EV pickup, but in our testing the Hummer took 19 minutes to add 100 miles and required a full 109 minutes to charge from a 10 to 90 percent. We will see. A pair of permanent-magnet motors teams up to produce 750 horsepower and 785 pound-feet of torque in the raciest mode, Velocity Max. That tops even the Cadillac Escalade-V's supercharged 6.2-liter V-8 and its 682 horsepower and 653 pound-feet of twist, though the IQ's normal output amounts to 680 horses and 615 pound-feet. Press the accelerator and the Escalade IQ responds with verve, if not the neck-snapping response of some EVs. Still, a claimed 4.7-second 60-mph time is nothing to sneeze at for something weighing four-plus tons, especially given that we got the merely 6290-pound Escalade-V to 60 mph in 4.3 seconds. Yes, we said "merely" in referencing the Escalade-V's 6290 pounds. That's the kind of rejiggering necessary to understand the Escalade IQ. It bends reality around itself. The brakes are strong in the IQ as well. There are three regenerative-brake settings, including off. In this mode the braking feels natural, in that the vehicle rolls with the slight drag you might get from engine braking. When you work the brake pedal to slow down further, the effort is precisely matched to the deceleration you get. There's little sensation of the colossal weight you're controlling—it's just normal. Conversely, step up the regen to the highest level, and you never have to touch the brake at all except for panic-stop situations. Just bleed off speed with the accelerator, and you can soon learn to bring the IQ smoothly to a stop. The middle setting is still good for one pedal operation, too, but if your driving is the least bit aggressive you'll find yourself dabbing the brakes now and again. The steering is where things get interesting. At first, it feels noncommittal, neither too communicative nor too numb. Twirl the wheel in parking lots and around tight corners, however, and rear-wheel steering of up to 10 degrees comes to the fore, trimming the turning circle to just less than 40 feet, which is seriously impressive for a vehicle with a grand 136.2-inch wheelbase. There's also Arrival mode, which turns the rear wheels in line with the fronts to allow the vehicle to crab sideways. It's fun, but this a mere parlor trick that has few uses in the real world. Upper and lower control arms with air springs at all four corners support the Escalade IQ, with the air springs able to be lowered up to two inches or raised as much as an inch. Fourth-generation MagneRide magnetorheological dampers do their best to smother impacts, and they carry out this task with supreme efficiency in Tour mode. The IQ's ride felt considerably stiffer in Sport mode on the tight, technical (and lumpy) roads of Northern California, which we somewhat expected given the massive (there's that word again) 24-inch wheels wrapped with 35-inch tires. Still, the big rollers do a credible job of taking it in stride over all but the most punishing pavement. Inside, the handsome seats are spacious and well trimmed, but we did struggle to get in because of tight toe space on the sidestep, which made us stand a bit tall to duck in. We also would have liked it if the steering wheel telescoped out a bit more, but in the end, we were able to settle in well enough. Setting the outside mirrors was a bit of a trick, because the mirror on the passenger side loses is convex shape, which is required by law for vehicles this heavy. Cadillac's solution: camera mirrors that pop up when you signal a turn. Not bad, but that doesn't help much if you're just taking a peek at traffic. And you'll want to use the rear camera mirror because the sloping roofline impedes rear visibility. Once inside and settled, the first thing you notice is the colossal 55.0-inch pillar-to-pillar expanse of screen before you. Thankfully, it's a bit predictive, placing things you're bound to need on a smaller central cockpit screen. Normally the home of HVAC controls, this screen switches to power door controls when you have selected Park, and it also can display the regenerative braking controls. It brings up the Arrival mode display when you select that feature too. Further back, the second row is likewise roomy and comfortable. The third row is more of a kids-only affair, which is why some might wait for the 2026 Escalade IQL and its 4.2 inches of additional length, plus a slightly less aerodynamic roofline that adds an inch of third-row headroom. The 2025 Cadillac Escalade IQ is on sale now. It comes in two trims, Sport and Luxury, with Super Cruise, a head-up display, and a 12-cubic-foot front trunk all included. Basically, you get a splash of chrome trim and model-specific wheels with the Luxury for $129,990 or body-color trim and different wheels with the Sport for $130,490. The main upgrade bundle costs $20K for each, resulting in a Luxury 2 model for $149,990 or a Sport 2 for $150,490. This enhancement consists of an upgrade from 11.5 to 19.2 kW for the onboard charger, an integrated trailer brake controller and other towing features, an AKG premium audio system, night vision, 126-color ambient lighting, power seats with massage, power open/close doors, and more. The 2025 Escalade-V, on the other hand, starts at $164,495. Sure, it's quick and sounds mean, but yikes. Viewed in that light, the 2025 Cadillac Escalade IQ's price, while substantial, is one of the few things about it that isn't supermassive. You Might Also Like Car and Driver's 10 Best Cars through the Decades How to Buy or Lease a New Car Lightning Lap Legends: Chevrolet Camaro vs. Ford Mustang!
Yahoo
17-03-2025
- Automotive
- Yahoo
The 2025 Cadillac Escalade IQ Is One Massive EV
"Massive" is a word that gets misused quite often, but it's entirely apropos in the world of the Cadillac Escalade. Step up to the electric Cadillac Escalade IQ, however, and it's more like supermassive black hole, especially if you're cloaked in the shade informally known as Town Car black. That's because the IQ steps things up with a wheelbase that's over 15 inches longer than that of a regular Escalade, plus about an extra foot of overall length. The IQ is wider, too, but it's also slightly lower than a regular Escalade, and it looks even lower than the numbers suggest because its rear end falls away in a graceful arc, not the blunt chopped-off profile of the gas version. It also weighs approximately 9000 pounds, owing to its all-electric powertrain and a massive (there's that word again) lithium-ion battery with 205.0 kWh of usable energy. That's enough juice to power the Escalade IQ for a claimed 460 miles. Note: This Cadillac is exempt from EPA testing and labeling requirements because its Gross Vehicle Weight Rating (GVWR) exceeds 10,000 pounds. It has an 800-volt electrical system that can replenish the battery at up to 350 kW, which is sufficient to add 100 miles of range in 10 minutes, according to Cadillac. These figures are similar to those for the GMC Hummer EV pickup, but in our testing the Hummer took 19 minutes to add 100 miles and required a full 109 minutes to charge from a 10 to 90 percent. We will see. A pair of permanent-magnet motors teams up to produce 750 horsepower and 785 pound-feet of torque in the raciest mode, Velocity Max. That tops even the Cadillac Escalade-V's supercharged 6.2-liter V-8 and its 682 horsepower and 653 pound-feet of twist, though the IQ's normal output amounts to 680 horses and 615 pound-feet. Press the accelerator and the Escalade IQ responds with verve, if not the neck-snapping response of some EVs. Still, a claimed 4.7-second 60-mph time is nothing to sneeze at for something weighing four-plus tons, especially given that we got the merely 6290-pound Escalade-V to 60 mph in 4.3 seconds. Yes, we said "merely" in referencing the Escalade-V's 6290 pounds. That's the kind of rejiggering necessary to understand the Escalade IQ. It bends reality around itself. The brakes are strong in the IQ as well. There are three regenerative-brake settings, including off. In this mode the braking feels natural, in that the vehicle rolls with the slight drag you might get from engine braking. When you work the brake pedal to slow down further, the effort is precisely matched to the deceleration you get. There's little sensation of the colossal weight you're controlling—it's just normal. Conversely, step up the regen to the highest level, and you never have to touch the brake at all except for panic-stop situations. Just bleed off speed with the accelerator, and you can soon learn to bring the IQ smoothly to a stop. The middle setting is still good for one pedal operation, too, but if your driving is the least bit aggressive you'll find yourself dabbing the brakes now and again. The steering is where things get interesting. At first, it feels noncommittal, neither too communicative nor too numb. Twirl the wheel in parking lots and around tight corners, however, and rear-wheel steering of up to 10 degrees comes to the fore, trimming the turning circle to just less than 40 feet, which is seriously impressive for a vehicle with a grand 136.2-inch wheelbase. There's also Arrival mode, which turns the rear wheels in line with the fronts to allow the vehicle to crab sideways. It's fun, but this a mere parlor trick that has few uses in the real world. Upper and lower control arms with air springs at all four corners support the Escalade IQ, with the air springs able to be lowered up to two inches or raised as much as an inch. Fourth-generation MagneRide magnetorheological dampers do their best to smother impacts, and they carry out this task with supreme efficiency in Tour mode. The IQ's ride felt considerably stiffer in Sport mode on the tight, technical (and lumpy) roads of Northern California, which we somewhat expected given the massive (there's that word again) 24-inch wheels wrapped with 35-inch tires. Still, the big rollers do a credible job of taking it in stride over all but the most punishing pavement. Inside, the handsome seats are spacious and well trimmed, but we did struggle to get in because of tight toe space on the sidestep, which made us stand a bit tall to duck in. We also would have liked it if the steering wheel telescoped out a bit more, but in the end, we were able to settle in well enough. Setting the outside mirrors was a bit of a trick, because the mirror on the passenger side loses is convex shape, which is required by law for vehicles this heavy. Cadillac's solution: camera mirrors that pop up when you signal a turn. Not bad, but that doesn't help much if you're just taking a peek at traffic. And you'll want to use the rear camera mirror because the sloping roofline impedes rear visibility. Once inside and settled, the first thing you notice is the colossal 55.0-inch pillar-to-pillar expanse of screen before you. Thankfully, it's a bit predictive, placing things you're bound to need on a smaller central cockpit screen. Normally the home of HVAC controls, this screen switches to power door controls when you have selected Park, and it also can display the regenerative braking controls. It brings up the Arrival mode display when you select that feature too. Further back, the second row is likewise roomy and comfortable. The third row is more of a kids-only affair, which is why some might wait for the 2026 Escalade IQL and its 4.2 inches of additional length, plus a slightly less aerodynamic roofline that adds an inch of third-row headroom. The 2025 Cadillac Escalade IQ is on sale now. It comes in two trims, Sport and Luxury, with Super Cruise, a head-up display, and a 12-cubic-foot front trunk all included. Basically, you get a splash of chrome trim and model-specific wheels with the Luxury for $129,990 or body-color trim and different wheels with the Sport for $130,490. The main upgrade bundle costs $20K for each, resulting in a Luxury 2 model for $149,990 or a Sport 2 for $150,490. This enhancement consists of an upgrade from 11.5 to 19.2 kW for the onboard charger, an integrated trailer brake controller and other towing features, an AKG premium audio system, night vision, 126-color ambient lighting, power seats with massage, power open/close doors, and more. The 2025 Escalade-V, on the other hand, starts at $164,495. Sure, it's quick and sounds mean, but yikes. Viewed in that light, the 2025 Cadillac Escalade IQ's price, while substantial, is one of the few things about it that isn't supermassive. You Might Also Like Car and Driver's 10 Best Cars through the Decades How to Buy or Lease a New Car Lightning Lap Legends: Chevrolet Camaro vs. Ford Mustang!
