"I finally understand why there are so many people in Hong Kong, yet so few private cars," with a population of over seven million, there are only a few hundred thousand private cars, a ratio that's incredibly low.
On the mainland, not every household has a car, but on holidays, you can always see the highways jam-packed with traffic.
In Hong Kong, that situation simply doesn't arise.
The car she had chosen was a black Bentley, priced at 4.8 million, but it required a tax payment of 4.62 million!
Although Lu Qingqing had never bought a car, she remembered that on the mainland you only need to pay the purchase tax, which is very low. In Hong Kong, first you pay 35% on the first 150,000, then 60% on the next 150,000, then 85% on the next 200,000, and for private cars over 500,000, you have to pay 100% tax on the amount above 500,000!
Yes, that's 100%.
