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High taxes on luxury vehicles in India are restricting growth: Mercedes Benz

High taxes on luxury vehicles in India are restricting growth: Mercedes Benz SECTIONS Share Synopsis Industry estimates showed around 21,000 luxury cars were sold in the local market last year, compared to 34,000 units the year before, indicating a 40% shrinkage. Luxury vehicles currently attract the top GST slab of 28%, coupled with an additional cess of 20% on sedans and 22% on SUVs, taking the total tax incidence to 48% and 50%, respectively. German luxury car maker Mercedes Benz said that h...
Nirmala Sitharaman Martin Schwenk Mercedes Benz Mercedes Benz India A Class Limousine Finance Minister Nirmala Sitharaman

Detailed text transcripts for TV channel - FOXNEWS - 20180120:19:33:00

Of that general rule is that social security checks will go out. >> any other entitlements covered by that? >> if its not -- generally speaking the answer is, yes. >> you either worked for or you were member of congress when you thought it was a mart of principle when you had political leverage to withhold votes on behalf of principle that were important. do you have sympathy for democrats that they are doing that now because they believe as a matter of principle and might be politics, marc you ...
Social Security Checks Senate Democrats Activist Pressure Small Base

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