China to offer tax incentive on 'green' cars-paper


SHANGHAI, June 26 (Reuters) - The Chinese government will offer tax incentives for purchases of environmentally friendly vehicles such as hybrids and diesel-engine cars, the Japanese daily Nihon Keizai Shimbun said on Thursday. The move, expected to be implemented this year, would lower prices for "green" vehicles by almost 10 percent, the newspaper said, without citing sources. Chinese must pay a consumption tax of 17 percent on vehicles plus a purchase tax of 10 percent of the ...

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