China Increases Taxes on Big Cars, Reduces Taxes on Small to Encourage Fuel Frugality
23 March 2006
Xinhua. China’s Ministry of Finance has increased the tax on cars with engines with displacements larger than 2.0-liters from 8% up to a maximum of 20%, according to the Ministry of Finance. The new tax rates begin 1 April. At the same time, the tax on cars with engine displacement... Read more →