Wang Sicong. There’s a new most infamous fuerdai on the block and his name is Ding Chen.ove over,
Chen made headlines in Canada last week after complaining about the massive tax bill on his custom Bugatti supercar, bought through his daddy’s credit card at a Vancouver dealership. According to an invoice posted to Instagram by Chen, the purchase incurred C$210,404 ($157,000) in federal goods and service tax along with $C697,939 ($522,000) in provincial taxes for a total of C$908,343 ($680,000) in taxes.
With a pre-tax sales price of C$4.2 million ($US3.1 million) that leaves Chen’s father footing a bill of upwards of C$5.1 million ($US3.8 million) for the Bugatti Chiron. “These taxes… my heart feels tired,” Chen wrote over the image of the invoice. Last year, British Columbia increased taxes on cars worth more than C$150,000 to 20 percent.
Fortunately for Chen, it seems like his dad should be able to afford to splurge a bit. Starting out as a duck farmer, Chen Mailin is the owner of a Chinese investment firm. In 2015, he gained attention for purchasing one of Vancouver’s most lavish mansions for C$51.8 million ($40 million).
Judging from his Instagram account, the younger Chen had been putting his father’s money to good use in Canada, posting pics of luxury watches, fancy cars and a private jet with his name on the tail.
Unfortunately, Chen’s Instagram account has since been deleted, so we will no longer be able to stay updated on the progress of his Bugatti.
[Images via SCMP]