China to improve consumption structure through tax adjustment

    BEIJING, March 27 (Xinhua) -- In response to the anticipated consumption tax readjustment, the price of imported luxury cars in Shanghai has risen by 150,000 yuan (about 18,500 U.S. dollars), sales of high-end watches have soared in western Chongqing municipality and wooden floors were in short supply in eastern Nanjing City. Full Story>>

China's tax burden lower than world average: official report

    BEIJING, March 27 (Xinhua) -- China's tax burden is still lower than that of most developing and developed countries despite its rapid growth of tax revenue in recent years, the State Administration of Tax (SAT) said in a report published over the weekends. Full Story>>

New tax policy in place to spur efficient autos

    BEIJING, March 23 -- China is hitting its carmakers with higher taxes on gas guzzlers and cutting levies on small-engine cars in a bid to save energy and curb pollution. Full Story>>

Tax changes reflect pragmatic approach

    BEIJING, March 23 -- The latest consumption tax adjustments reflect the Ministry of Finance's cautious, pragmatic approach to taxation reform. Full Story>>

    BEIJING, March 23 -- Buyers of big cars will fork out more tax while those who opt to buy smaller models will pay less from April 1. Full Story>>

Tax changes won't affect most prices

    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>>

Consumer tariff shakes up market

    BEIJING, March 23 -- China's decision to make sweeping changes to the current consumption tax regime, which was announced on Tuesday and will take effect starting April 1, is turning some public companies into investors' darlings, while making life harder for others. Full Story>>

High-end consumers feel low

    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>>

Consumption tax to be levied on some consumer goods

    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>>