More on China's New Environmental Taxes

More on China's New Environmental Taxes: "As a follow-up to yesterday's post on China's push towards environmental taxes, the Washington Post today has a story on the differential taxes on large cars.

The upshot:



In the measure expected to have the widest impact, the ministry said sales taxes on passenger cars with an engine displacement of more than two liters will rise April 1 from 8 percent of the car's value to a range of 9 to 20 percent, depending on the size of the engine. The tax on cars with an engine displacement below 1.5 liters will be cut from 5 percent to 3 percent, it added, and the rate for cars between 1.5 and 2 liters, which covers most big-city taxis, will remain at 5 percent.

Read the details here."