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

[webfact]

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

 

 

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.

 

 

-- © Copyright Euronews 2016-12-02

[Andaman Al]

If only it were only 10% here   

 

[stevenl]

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

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[daveAustin]

Is that all? If they really wanted to make a sting, try it Thai style - 300%!

[Sphere]

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. 

[Tchooptip]

Why this question?  Yes China is a communist country  

[stevenl]

28 minutes ago, Tchooptip said:

Why this question?  Yes China is a communist country  

Which question?

[hawker9000]

6 hours ago, stevenl said:

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

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

 

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