China has imposed an extra 10 percent tax on ultra high-end cars costing over 1.3RMB (US$188k) including Lamborghinis and Ferraris.
The new tax will "guide rational consumption" and promote energy-efficient vehicles, according to the finance ministry.
China already has a 25% tax on imported foreign vehicles.
Taxes have yet to dim interest in ultra high-end brands such as #Ferrari, with Q2...
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China takes supercar tithe