Legal
China hikes tax on 'super cars' amid luxury crackdown
China will impose an extra 10 per cent tax on super cars and other luxury models costing 1.3 million yuan (S$270,000) and above, in a bid to rein in lavish spending and to reduce emissions, the ministry of finance has said. The new tax rate will potentially effect pricing for…
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Click here to read the full story: Strait Times