BIZCHINA / Top Biz News
Pay more to own luxury cars
(AP)
Updated: 2006-03-27 09:33
Young men look at a luxury car in an Audi showroom in central Beijing on
Saturday, March 25, 2006. China has imposed new taxes on luxury car sales
in an effort to protect the environment. Consumption taxes on passenger
vehicles with engine capacity larger than 2 litres will be lifted to a
maximum of 20 per cent from 8 per cent, the Ministry of Finance said on
March 22. [AP]
Young men look at a luxury car in an Audi showroom in central Beijing on
Saturday, March 25, 2006. China has imposed new taxes on luxury car sales
in an effort to protect the environment. Consumption taxes on passenger
vehicles with engine capacity larger than 2 litres will be lifted to a
maximum of 20 per cent from 8 per cent, the Ministry of Finance said on
March 22. [AP]
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