China slaps on 10% Supercar Tax; Philippines going in the same direction
Life is getting that little bit harder for Chinese squillionaires after the Government there announced a new tax on cars costing more US$189,000 (1.3 million in Yuan). Super luxury brands, such as Rolls-Royce and Ferrari, will of course bear the brunt of the new tax as all of their vehicles will set you back considerably more than that, whilst the more mainstream brands, such as BMW and Mercedes, will only be affected in part with just a few of their models costing that.






