Geely's Li Shufu proposes collection of vehicle purchase tax shared by central & local governments

Li Shufu, chairman of Zhejiang Geely Holding Group (Geely Holding), proposed that the vehicle purchase tax, which is currently collected by state tax department, should be jointly levied and administered by both the central and local governments. 

Mr. Li offered the proposal as a deputy to the 13th National People's Congress before this year's two sessions, China’s most important annual political event which will kick off in late May.