Istanbul Metropolitan Municipality’s new taxi center election day (UKOME) was reviewed for the ninth time.
IMM Spokesperson on his Twitter account as follows: “The quality plan is as follows. For the knowledge of Istanbulites.”
Dear reader, I live in Ankara. I use public transport for my Istanbul trips. I spend my inner city shopping dealing with transportation.
The first installment prices of UBER are for sale in Istanbul. Before taxis get in front of me. A taxi driver calls out the window, pressed to accept “UBER” and left.
I am not the only taxi driver to be dissatisfied with yellow services in Istanbul. Dissatisfaction is knee-deep, according to a recent survey by the Istanbul Planning Agency.
https://ipa.istanbul/taksi-arastirmamiz-yayimlandi/
Those who fill out surveys like to talk about them in high school.
Istanbul taxi is in my field of interest both as an economist and as a visitor to Istanbul.
is it?
Lets start.
YELLOW TAXI REGULATIONS
Yellow taxis have three types of regulation: I. Barriers to market entry; II. Tariff controls; III. tax schools
barrier to market entry
There are 17 taxi systems in Istanbul and no new license plates have been issued since 1990. While there were 431 thousand people per taxi in 1990, it decreased to 920 thousand in 2021. In economic terms, production more than doubles while supply is stable.
This increase is rapidly developing in the second-hand taksim market.
According to an advertisement on September 29, 2021, the price of the installment for sale is 2 million 5 million TL. This is approximately 294 thousand US dollars at the same day rate.
Dear reader, the total size of the rent managed by the lobby of this price list is five billion dollars.
A group that owns such a large size for the future of economic design will be the decision makers not to issue new taxis.
The planning has succeeded nine times at UKOME.
tariffs
One academic tuition* in schools 1990-2006 exceeds taxi transports in 10 of 16 years.
There has been a strong impact on the taximeters of the license plate lobby.
Dear reader, you may remember a few weeks ago, Chairman of the Board of Istanbul Taxi Professionals Chamber (ITEO). He stated that “the hike in not being able to find a taxi in the city will be resolved”.
I think the taxi lobby was not very effective before the new administration of the IMM in terms of transportation.
tax tools
Son arrangements are taxes. Commercial taxis do not pay SCT, VAT and withholding tax when purchasing new cars. This is incremental, 100 TL for normal people and 59 TL for using a commercial taxi.
It is included in commercial taxis not only in new taxi purchases, but also in terms of income taxes. Ozan Bingöl from Başkent University says that commercial taxis are taxed in a simple way. In this case, commercial taxis with an income of 100 TL pay 6 TL tax.
https://www.cumhuriyet.com.tr/haber/taksici-100-bin-tl-kazanip-6-bin-tl-vergi-odiyor-942151
On the one hand, the owners of the five billion-dollar rent, who use valuable readers’ plates, can distribute the correct tax payments, the payment of the wages of their wages, including the public.
looks at comfort joyful?
WHAT HAPPENS IF NEW PLATE IS GIVEN?
The second hand written in Istanbul is worth 560 million; The Chairman of the İTEO Board of Directors said, “A taxi is something like 2 million 2 thousand right now. I am very clear. free. very cheap. We paid a great price to buy from the state with money. The incomparable license plate should be at least 10 million right now.”
https://t24.com.tr/haber/istanbul-da-sari-taksicilik-sistematik-emek-somurusu-nasil-isletiyor,949588
President taxis are very cheap and license plates are bought for free.
Dear reader, it says that the explanation about economics and “sciences” is far away.
Using the textbook; The price that should be second hand in Istanbul in the current market is possible.
Let’s have a look today.
In the T24 article of Batuhan Avakado, which I gave the link above; It is stated that their drivers in Istanbul, as the “owner”, pay them a rent for 12 hours in “day wage”. If the driver rents the taxi directly from the license plate owner, the daily wage is 220 lira.
24 eligible mortgages are 440 TL. If a taxi is rented for 7 days, 50 weeks, the educated income is 154 thousand liras.
You can enlarge it by 20 to calculate the plate price with your dear reader. The magnification of the exchange rates is so complete; I didn’t know which scenario to use to make predictions on TL.
I’m thinking of these quick calculations
The annual rental price of taxis is 21 thousand 966 dollars, based on the average dollar rate of 2020.
a 20-year time frame and a 5% annual discount rate; The net worth of rental income is $273,746.
At the same exchange rate, the TL equivalent of this income is 1 million 919 thousand 180 TL.
My first inference from this calculation is; The President’s free plate price (2.56 million TL) was quite exorbitant.
Dear reader, now let’s come to the second inference.
It is possible to program information about plate formats and prices using the price options of the request.
In another valuable academic work**, it was written on our behalf in our article with Istanbul license plate. Accordingly, if the number of license plates increased by 1% in Istanbul, the plate prices were over by 0.71%.
So the plate is unacceptable. This means that the license plate lobby lost 3 billion 575 million dollars in rent.
Dear reader, the game is great!
The number of new license plates proposed by IMM is 6,000 was. Bunin will be accepted and the promising future is 1 billion 233 dollars.
Dear Istanbulites.
Request this potential rent period concern is the price of suffering from your traffic.
For your information.
Good market.
*Çetin, O. and Oğuz, F. 2010. The effects of economic regulation in the Istanbul taxi market, Economic Affairs, 30, p. 59-64
**Çetin, T. and Deakin, E. 2017. Arranging taxis and the rise of ride-sharing, Transportation Policy, 76, pp.148-156