14-08-2008, 04:30 AM
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Join Date: Jan 2007
Posts: 13,788
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Tax on big cars raised to save fuel
Taxes will be raised on big cars and reduced on smaller ones from Sept 1 to save energy and reduce pollution.
Owners of cars with engines above 4-liter capacity will have to pay 40 percent tax, double the existing rate, the Ministry of Finance said yesterday. The tax for vehicles with engines between 3 and 4 liters will be up from 15 to 25 percent.
And the tax on cars with engines below 1-liter capacity will be reduced from 3 to 1 percent.
China is one of the biggest and fastest growing ...
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