Control birth: China slaps new taxes on condoms, contraceptives in effort to boost birth rates
It’s a taxing time for sweethearts in China. After a 30-year exemption, the country is slapping a 13% sales tax on condoms, birth control pills and devices, hoping to boost its declining birth rates and offset the long-term impact of an aging population and declining workforce. And with contraception more expensive under the new law, which takes … Read more