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Posted

Luxury crackdown sees China’s ‘super rich’ taxed extra for ‘super cars’

 

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BEIJING: -- Communist China’s super rich are to be taxed an extra ten percent on so-called super cars.

 

The tax affects cars costing more than 1.3 million yuan – that’s around 177,700 euros – and will apply to brands such as Ferrari, Bentley, Aston Martin and Rolls-Royce.

 

It comes amid a general crackdown on flashy demonstrations of wealth, spearheaded by Chinese President Xi Jinping.

 

 
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-- © Copyright Euronews 2016-12-02
Posted
3 hours ago, webfact said:

...crackdown on flashy demonstrations of wealth...

 

Hmmmm.....paying 10% more could be just another opportunity for flashy demonstration of wealth. :coffee1:

Posted
6 hours ago, stevenl said:

This is just a show to pretend they're doing something, 10 percent will have no effect at all.

Sent from my ROBBY using Thaivisa Connect mobile app
 

Crackdowns?  Ineffective crackdowns??   By the Chinese???

 

Who says the student can't teach the master...    

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