By Euronews
with Reuters
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Communist China’s super rich are to be taxed an extra ten percent on so-called super cars.
ADVERTISEMENTCommunist 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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