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Oct
2012

The big debate

Luxury products have always been very expensive in China, initially due to the huge taxes imposed by the government as a means to claw back from those with the cash to buy them in the first place, many of who probably hadn’t paid any tax on their income anyway. The perennial problem of grey money here means that there is a lot of tax that is never ever paid, so the government takes it wherever and however it can…

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