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Dialogue 2011/07/08 Drop in luxury import duty

07-08-2011 22:06 BJT

 

 

As part of the overall strategy to boost domestic spending, some in the Chinese central government call for reduction of import duty for some of the luxury goods. But there seems to be a serious disagreement between the Ministry of Commerce and the Ministry of Finance about the necessity or urgency for such a move. The latter would argue the majority of the families still could not afford to buy the luxuries and question the profit margin. Instead they believe the tax rate of the luxury goods should be increased.

 

Editor:James |Source: CNTV

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