Focus topics

Analysts: higher taxes on luxury goods

According to an analysis by China International Capital (CICC), China could soon impose higher taxes on luxury goods. The bank estimates that the currently discussed excise duties reform will also lead to higher taxes on products that have high power demand or contribute to environmental degradation, as Bloomberg reports. The tax reform is intended to contribute to achieving China’s climate goals and “Common Prosperity”.

Continue reading now

Get 30 days of free access to the Decision Brief to read these and more quality news every day.

Are you already a guest at the China.Table? Log in now


    USA invests in Pacific island states
    Travel slump expected for Golden Week
    China’s reputation is declining rapidly
    Taiwan wants to drop hotel quarantine