China is adding a an additional 10% tax on luxury cars, such as Xinhua news agency , China and Rolls Royce , as part of its crackdown on ostentatious spending. The tax will hit those cars that cost over $189,000 . China is a crucial market for "super cars" and over recent years car manufacturers have increasingly tailored these vehicles to appeal to the wealthier Chinese clients.
China is adding a 10% tax on luxury cars, such as Ferrari, Bentley and Rolls Royce, as part of its crackdown on ostentatious spending. The tax will hit those cars that cost over $189,000. China is a crucial market for "super cars" and over recent years car manufacturers have increasingly tailored these vehicles to appeal to the wealthier Chinese clients.