CHINA: Hong Kong luxury car sales continue despite tax hikes
When Hong Kong's former financial secretary Antony Leung Kam-chung announced a 150% increase in the luxury car tax (later reduced to 100%) he did so after buying a top of the range Lexus for himself, Access Asia noted. For this he faces possible criminal charges and is now out of government. Also, people expected luxury car sales to fall in Hong Kong given the poor economy, SARS and the new tax.
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