Tag Archives: Luxury Taxes

Chinese authorities break up car-smuggling gangs

Chinese authorities break up car-smuggling gangs.Maserati's V-8 Quattroporte costs over twice the European sticker price of 150,000 euros in China after taxes have been added.

Chinese authorities have broken up six gangs that smuggled around $164 million worth of cars into the country over the past three years to help consumers bypass heavy taxation.