we can only imagine what it might be like to buy a new Bugatti, with daddy's credit card, but there's one guy who knows. This guy in Vancouver

Chen Mailin’s son, Ding Chen, is buying a C$5.1 million (US$3.8 million) custom Bugatti sports car in Vancouver, apparently with his father’s Union Pay credit card

But the 5 per cent federal goods and services tax of C$210,404.25 (US$157,400) reveals a pre-tax price of C$4.2 million (US$3.1 million), the approximate list price of a Chiron.

Additional provincial taxes of C$697,939 (US$522,100) bring the total purchase price to about C$5.1 million.

The bill includes a 1.7 per cent Union Pay fee, which, if imposed on the pre-tax price, would work out to C$71,400 alone

Where will that car call home? Daddy's palatial home purchased in 2015 for C$51.8 million (then US$40 million), in what was then believed to have been the biggest residential transaction ever conducted in Canada.

Daddy is only 49, got his start with duck farming, founded a skyscraper building company, and somehow is now a resident of Canada. Must be advantageous to the National Tax Revenue to have a multi billionaire move to your country... after all, a single car purchase by his son accounted for about 907 thousand dollars, Canadian, in taxes alone. One car, nearly a million tax dollars. That's impressive

https://www.scmp.com/news/china/society/article/3005989/chinese-tycoons-son-buys-us38million-bugatti-chiron-vancouver

Thanks Andrew!