Taxing time
By JIANG JINGJING (China Daily)
Updated: 2006-03-31 09:42 
A girl looks at a poster of Montblanc
watch in a street in Shanghai in this September 16, 2005 file photo. China
announced Tuesday, March 21, 2006 its plan to impose a consumption tax on
disposable wooden chopsticks, wooden floor panels, yachts, luxury watches and
more oil based products as of April 1 of this year. The country would scrap
consumption tax on skin-care and shampoo products from April 1.
[newsphoto]
(For more biz stories, please visit Industry Updates) |