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Letzte Aktualisierung: October 21, 2021

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".
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