Director / Editor: Victor Teboul, Ph.D.
Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

China Slaps Extra 10 Percent Tax on Luxury Cars

China will impose an extra 10 percent tax on high-end cars in a bid to rein in lavish spending and to reduce emissions, the Ministry of Finance has said, a potential headache for luxury car makers. The new tax rate will affect cars costing 1.3 million yuan ($188,852) and above, the ministry said late Wednesday, which could affect sales of high-end luxury brands such as Ferrari, Aston Martin and Rolls-Royce. China, spearheaded by President Xi Jinping, has been cracking down on...

Read complete article
© Voice of America -

Follow us on ...
Facebook Twitter