Chinese Luxury Tax Rate

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Managershare: luxury tax revenue, how to receive, in the global countries have experienced a heated debate, the luxury tax in the end what is the problem? The contradiction behind the luxury tax how to solve? Or do we really need a luxury tax? Luxury consumer Luxury tax and luxury consumption tax is one of the means to regulate the production and consumption and redistribution of social wealth. In the United States, the tax on luxury goods is not high enough for the voices of millionaires, but ordinary people. In the last century 90 era, the Congress of the United States has a luxury tax on needle boats, personal aircraft, precious stones, fur and other high-end consumer goods, but later found that the effect and the expected entry is very large. The rich are not rich, but the workers who produce luxury goods. Because of the need of impairment, luxury Brand Company started downsizing. Most of the staff in the industry were originally the object of financial help, and were harmed. Finally, the United States Congress had to eliminate the luxury tax. The United States has imposed a 10% tax on luxury cars for more than $30 thousand. Sweden's consumption tax is generally 20% to about 25%, the government does not encourage the consumption of some commodities, such as luxury goods, after tax prices may double. In Japan, if people eat more than a certain standard in the restaurant must pay the luxury tax, to prevent people from eating and drinking, resulting in unnecessary waste, it is this small and focused, the details of the national literacy casting today second in the world economy to a certain extent. As early as 1994, China began to levy consumption tax on tobacco, wine and alcohol, cosmetics, skin care and hair care products, precious jewelry and jade jewelry, fireworks, gasoline, diesel oil, automobile tires, motorcycles, cars and other 11 categories of goods (Excise Tax). After a lapse of 12 years, the Ministry of Finance and the State Administration of Taxation jointly issued a notice to adjust the consumption tax from April 1, 2006 onwards, the abolition of the "skin and hair care products" items, adjust the liquor, cars, motorcycles, automobile tires and other parts of the taxable consumer goods tax rate, and the new golf balls and equipment, high-grade watches, yachts etc. luxury items. After the global financial crisis, China luxury consumption ability to let the world look askance. Goldman Sachs released data show that in 2010 China's luxury consumption of up to $6 billion 500 million, the global growth rate for the first time in three consecutive years, the first sales. According to Goldman Sachs forecast, in the next 5 years, willing to consume luxury Chinese population will rise from 40 million to 160 million. Although the United States is still a major consumer of luxury goods, but sales tend to lower the leading luxury goods industry tilt, while Chinese consumers are buying the most expensive luxury goods. Who robbed the rich? Who is poor? Support on luxury consumption tax people think through tax on luxury goods, let the rich consumer into the national tax support to other subsidies to the public, can make the tax function embodied more equitable, effective suppression of luxury consumption, but also plays a positive role in solving the problem of income gap, increasing to increase the balance of the interests of all sectors of society. In the eyes of some people, a tax on luxury goods is to "dig the rich", "rich", realize the so-called social justice. For a luxury tax really can curb the country's luxury consumption bursting phenomenon is being questioned by many people. You have to study the owner's shopping psychology, willing to dig out huge sums of money to buy a house owners do not care to pay more." A real estate analyst told reporters bluntly, in his view, spend a lot of money to spend most of the successful people, in the face of the mere thousands of pieces of luxury tax, they do not mind. Remember the movie "big shot" of the classic dialogue? We do real estate, do not sell the best to sell the most expensive." The line at the time people feel fantastic, but now it seems that the dialogue has become a part of Chinese true portrayal of the concept of consumption. In the UK the Chanel shop in Betty told reporters that some China from the mainland to the rich, into the store, ask what is the latest this season, but think little of asking "which is the most expensive". "They seem to get used to not the most beautiful, but choose the most expensive." "They don't mind the price," Betty said. "They just feel that the price must be the best." Luxury car dealer Zhang Dawei also believes that the real luxury tax levied on consumers to buy a car will not affect too much. Like the introduction of a large displacement car consumption tax in 2008, when a large displacement car triggered a collective price, but the price is also a few months after the end of the price, consumers adapt to the reality of the price, the buy or buy. Land Rover Jaguar dealer Lee admitted to reporters, who can afford to buy luxury cars, do not care about this tax, and now on the market a model to increase the number of hundreds of thousands of dollars very much. "And the more wealthy people buy a car, the more luxurious the mentality of the luxury, the more they want to buy, because it will be more face." Mr Lee said. "The luxury tax is not what" Robin Hood 'behavior, although the luxury tax will allow higher earners to pay higher fees in the purchase of luxury goods, but the poor people and will not enjoy better welfare, the greater part of the luxury tax will by the government as the public service costs." Guo Fanli said that the so-called luxury tax levy, although beneficial to the government, but the people of the country, as well as the long-term development of the economy has hindered. Also, a luxury tax savings and social equity = stop luxury." Sharon Yeung believes that ordinary people on the consumption tax levied on luxury goods are mostly supported, because they have made a certain degree of psychological balance. But a rich man is certainly much more important to a society than a poor man. "Robin Hood", would be unfair to some extent. Some rich people's wealth is also their own hard work in exchange for." Sharon Yeung said. What is a luxury? The British luxury industry expert, a senior lecturer at the University of Brighton Paula Shukla said, first, to lower income people do not buy, and elite can buy something is a luxury, with the development of society, some called "can get luxury" or "mass luxury" new categories was born in the original luxury ranks, for these products the middle class. An example of this is the definition of the car. 20 years ago, a personal car is undoubtedly very luxurious, and now, a car is a necessary condition for the middle class. On the other hand, the mid-range car market did not affect the luxury car as a luxury status. School of economics and management, China Agricultural University Ge Changyin tax experts also said that luxury is a relative concept, with the improvement of living standards, some commodities have become the intermediate goods by luxury and even ordinary commodities, and the luxury consumer division is not necessarily to buy things, such as playing golf. China so, the United States also. Martin Price, a tax expert at the US based law firm, says the definition of luxury is always changing. In the United States, the telephone used to belong to the luxury goods, people to pay for the phone "luxury" behavior tax, and now, no one think the phone will be a luxury. As Mr Shukla puts it, it will become increasingly difficult to define "luxury goods" as luxury goods continue to penetrate the mass consumer market. Because of this, there is no official luxury tax, but for different goods, according to their respective characteristics in the tax rate to distinguish. If the Customs Tariff in our country, the definition of "luxury watches" as "the price of more than 10 thousand yuan; the rate of imported cars is divided according to engine displacement, displacement of 4 liters or more models rate up to 40%, 3 to 4 liters of the vehicles also have a tax rate of 25%. This is also in line with the international common practice, in fact, the international special collection of "luxury tax" countries like India, although there is scanty, the "luxury tax" of the tax, but the tax is levied in luxury hotels. Written by Haohaofamilie (Wechat num)