China looks to Norway

In an effort to decrease the demand for large, gas-guzzling cars, China turns to Norway for a solution: Tax them to death. This, of course (and in good communist spirit), won't mean much to the ever growing community of Chinese millionaires, but will effectively stop the general population from buying larger cars with more power.

The worst blow to the head will be delivered to the cars with an engine size of above 4,0 liters, where the tax doubles, from 20 percent to 40 percent. On more modestly motorized cars, with an engine size of 2,0-4,0 liters, the tax will "only" increase from 15 percent to 25 percent. In other words, much like the Norwegian model, all cars will be more expensive.

These new taxes will take effect from the 1st of September this year.