Spotlight on thoughts

Spotlight on thoughts

Price of imported cars cause hardships for Chinese people — A car with a fixed price of 270,000 RMB costs 300,000 RMB by the time it arrives in China, 350,000 RMB after the 17% value-added tax, 440,000 RMB after the 25% tariff, and 540,000 RMB after the seller takes his profit of 100,000 RMB. The customer tax is 40% of this sum, which makes the price at least 900,000 RMB.  Then there’s a sales tax of approximately 80,000 RMB. After all that, a car that can be bought for 270,000 RMB in other countries costs us 1,000,000 RMB after taxes, even though our income is far lower!