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China imposes consumption tax on disposable
and luxury items
BEIJING, March
27(Xinhua)-- China announced on March 21 its plan to impose a consumption tax on disposable wooden chopsticks,
wooden floor panels, yachts, luxury watches and more oil based products as of
April 1 of this year.
The Ministry of Finance said the plan has been
approved by the Chinese Government and was designed to control and regulate
energy consumption, help protect the environment by reducing consumption of
timber resources, and narrow the gap between the poor and the rich by collecting
a consumption tax on the luxury items. >>>full story
The consumption tax plan has received warm responses from
netizens at major Chinese websites.
Following are but a few excerpts of the netizens' comments
posted on online forum:
-- We welcome the move! I hope to see further improvements
in the taxation of cosmetic products.
-- It's a timely change, as we are upholding the concept
of scientific development. I believe the tax adjustment is helpful to control
the excessive consumption of resources, to narrow the gap between the poor and
the rich, and to better protect the environment as well. กก
-- I suggest everybody should take a pair of chopsticks
for his/her own use when eating out, which, I think, is healthful and
environment-friendly.
-- It's a boost to the hard alcohol makers, because the
new government policy will contribute to our business performance.
-- As for those who do buy high-ticket items, do you think those
who can afford yachts and limousines will worry about paying the consumption
tax? I don't think this tax reform will stop them buying whatever they
afford to buy. Enditem
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BEIJING, March 23 -- Buyers of big cars will
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BEIJING, March 23 -- The government's plan to
make significant changes to the consumption tax from April 1 will have little
impact on the country's overall tax revenue and consumer prices, economists
said. Full Story>>
BEIJING, March 23 -- China's decision to make
sweeping changes to the current consumption tax regime, which was announced on
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BEIJING, March 23 -- Consumers of high-end
products were predictably upset yesterday at news that a consumption tax would
be slapped on luxury goods. Full Story>>
BEIJING, March 22 (Xinhua) -- China on
Wednesday released a list of consumer goods to be taxed at varied consumption
tax rates from April 1. Full Story>>กก | 
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