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Luxury items taxable
www.chinanews.cn 2005-04-05 13:53:15
An official at the State Administration of Taxation revealed on Apr. 4th
that China will adjust its consumption taxation system, gradually
eliminating common consumption commodities from the list of taxable items
and levying higher taxes on high-end commodities such as Golf course
memberships, mansions, cars and top-grade furniture. Pictured: More and
more top-grade sedans enter to China's market.
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