A one kilogram gold bar. Photographer: Chris Ratcliffe/Bloomberg China is scrapping a long-standing gold tax incentive in a potential setback for consumers in one of the world’s top bullion markets. Starting on Nov. 1, Beijing will no longer allow some retailers to offset a value-added tax when selling gold they bought from the Shanghai Gold Exchange, whether sold directly or after processing, according a new legislation from the Ministry of Finance. Most Read from Bloomberg The rule covers both invest ...