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Luxury tax hits Chinese buyers in US

New luxury tax hit Chinese buyers at a record pace in the US, according to a new study.The average tax burden for luxury goods sold in the U.S. increased from $5,814 to $7,921, according a report from research firm Kantar Worldpanel ComTech released Tuesday.That’s an increase of 4.4 percent, or about $5.5 billion, in just […]

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