'Luxury tax' to benefit HK watches
2006-03-30 10:28:22
Hong Kong sees China's planned 20 percent sales tax on luxury watches as an opportunity, as Chinese consumers switch from buying expensive foreign timepieces to similar cheaper Hong Kong brands.
Consumption levy a taxing issue
2006-03-24 06:36:53
The Ministry of Finance announced on Tuesday consumption tax adjustments starting from April 1. The Chinese media have given much attention to this reform.
China places 5 percent tax on chopsticks
2006-03-27 08:42:50
Beijing last week slapped a 5 percent tax on disposable chopsticks, dealing what many Chinese say was a powerful gut punch. In cafes here Thursday, people dropped their chopsticks and had a lot to say against the new tax. Some said it could end a 5,000-year-old tradition.
Tax changes mean little to most prices
2006-03-23 08:48:26
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.
High-end consumers feel low
2006-03-23 08:57:06
Consumers of high-end products were predictably upset yesterday at news that a consumption tax would be slapped on luxury goods.
Consumer tariff shakes market
2006-03-23 08:55:30
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.
China publishes consumption taxrates for various items
2006-03-22 09:38:25
China on Wednesday released a list of consumer goods to be taxed at varied consumption tax rates from April 1.