Article: Survey: 40 pct of Chinese people want consumption tax on more luxury items

Survey: 40 pct of Chinese people want consumption tax on more luxury items

BEIJING, Oct. 13 (Xinhua) -- Forty percent of Chinese people believe consumption taxes should be imposed on more luxury items such as jewelry and VIP club memberships, according to a survey.

The survey by the Horizon Research Consultancy Group shows low- income earners would prefer to see luxury items taxed rather than common goods, while high-income people gave little consideration to the adjustment of consumption tax.

The government imposed a consumption tax on disposable wooden chopsticks, wooden floor panels, yachts, luxury watches and oil based products on April 1.

The move aimed to control and regulate ...

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