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Article: Survey: 40 pct of Chinese people want consumption tax on more luxury items
- Article from:
- Xinhua News Agency
- Article date:
- October 13, 2006
CopyrightCopyright 2006 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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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 ...