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China Halves Sales Tax on Small Cars

China Halves Sales Tax on Small Cars. Will Stimulate Auto Sector, But Won’t Help Foreigners Much. While the auto world focussed on Volkswagen and the diesel scam fallout, China cut the 10 per cent purchase tax in half on cars of 1.6 litres or under. The Financial Times’ Lex column talked about China’s contradictory policy […]

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