Now, just a month after the WTO’s ruling China’s government announced that it will impose a new “green tax” from September 1st penalizing cars with large displacement engines in order to cut fuel consumption and improve air quality. Coincidently, most of those vehicles are imported…
According to China’s Ministry of Finance, the sales tax for cars with engine capacities over than 4.1 liters will double to 40% whilst cars powered with engines between 3 and 4.1 liters will be taxed at 25%, up from 15%. The tariffs on cars with engines that are 1 liter or less will drop from 3% to 1% while taxes on other cars will remain as is. And guess who makes most of the cars with smaller engines - yep, it’s the Chinese automakers!
0 comments:
Post a Comment