Rolls-Royce China prices higher because of tax: CEO

The CEO of Rolls-Royce Motor Cars, Torsten Mueller-Oetvoes, said on Wednesday that greater taxes means the company sees the same profit on a car sold in China as it does in other countries, despite higher prices, Bloomberg reported. Mueller-Oetvoes said that the tax levels in China are “extremely high” and exceed other markets like the US and Europe. The starting price for a Rolls-Royce Ghost sedan in China is US$688,500 whereas a similar vehicle in the US starts at US$256,650. Foreign luxury automakers have come under scrutiny by state media for the high price of their cars in China.