Miscellaneous News

j17wang

Senior Member
Registered Member
Don't think it matters to China that much.
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Well, companies generally dont move to china/india/US for lower taxes, but rather to access thier markets or technologies. This is really more about putting the screws on tax havens and countries in the middle east which have low taxes because of royalties. Im surprised opec countries arent picking a bigger fight. Taxes are an area of national sovereignty.
 

taxiya

Brigadier
Registered Member
Don't think it matters to China that much.
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No, it does not matter to China.

According to Baidu article
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Since 2008, the Chinese cooperate taxes are 25% on companies registered in China including foreign company such as Ford China. 20% on non-residential company such as foreign company which make profit in China by selling goods or service without being in-cooperated in China. 20% on low-profit small business. 15% on Chinese companies of key technology.

Biden's target is the non-residential company which is already paying 20% in China.
 

taxiya

Brigadier
Registered Member
Well, companies generally dont move to china/india/US for lower taxes, but rather to access thier markets or technologies. This is really more about putting the screws on tax havens and countries in the middle east which have low taxes because of royalties. Im surprised opec countries arent picking a bigger fight. Taxes are an area of national sovereignty.
Like those Caribbean headquartered companies.
 

voyager1

Captain
Registered Member
No, it does not matter to China.

According to Baidu article
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Since 2008, the Chinese cooperate taxes are 25% on companies registered in China including foreign company such as Ford China. 20% on non-residential company such as foreign company which make profit in China by selling goods or service without being in-cooperated in China. 20% on low-profit small business. 15% on Chinese companies of key technology.

Biden's target is the non-residential company which is already paying 20% in China.
You are forgetting the state-capitalist policies though

China is waiving taxation for x years on many industries where it has strategic needs (e.g semiconductors)

However I am guessing that by signing into the deal, China has ensured that there are specific legal loopholes for these kinds of policies
 

KYli

Brigadier
You are forgetting the state-capitalist policies though

China is waiving taxation for x years on many industries where it has strategic needs (e.g semiconductors)

However I am guessing that by signing into the deal, China has ensured that there are specific legal loopholes for these kinds of policies
It is not only China but also other developing countries such as India would not sign into this deal if there are not some loopholes. Beside it would take years to implement this GMT thing.
 

taxiya

Brigadier
Registered Member
You are forgetting the state-capitalist policies though

China is waiving taxation for x years on many industries where it has strategic needs (e.g semiconductors)

However I am guessing that by signing into the deal, China has ensured that there are specific legal loopholes for these kinds of policies
No, I didn't forget "state capitalist" thing. I know the "loophole" was always there and will be there as long as China remains socialist state. The "loophole" is not an article in a specific law, but rather an integral part of socialist system.

By definition socialist state is where the state hold the majority of capital, Lenin once said that Socialism is essentially state capitalism. In practice, the state invest X amount of capital in the company. The state than take tax from the company by 20% or equal to value Y, the state can "reimburse" that Y by investing it back into the company. It is just money from left hand to right hand in different names. This certainly works with any SOE or company with a big portion of state investment.

This is also why the west hate the communist so much.
 

Bellum_Romanum

Brigadier
Registered Member

Republican senators calling for Biden to end trade war with China. Not sure if they're serious or just trolling Biden.
She's the same genius that supported gleefully then President Trump’s amazing strategy of starting the trade war with China and then imposing tariffs of trade despite warning from sane economists that doing so would severely damage her own state that relies heavily on the China trade.
 

Bellum_Romanum

Brigadier
Registered Member
Such arrogant, asking China to pressure Brazil and at the time trying to drive a wedge between China and Brazil. These guys are delusional.
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It's no different from one of the articles you posted suggesting by one of the WH G7 strategist to have China become involved in debt forgiveness and all that s..t like China must be dumb enough to go along with their plans, get the credit and then blame China afterwards as if China wasn't the single factor in making whatever plans the western countries have become successful. They want to continue using China as the bogeyman and to be the alleviator, facilitator or the engine of growth at the same time.
 

taxiya

Brigadier
Registered Member
She's the same genius that supported gleefully then President Trump’s amazing strategy of starting the trade war with China and then imposing tariffs of trade despite warning from sane economists that doing so would severely damage her own state that relies heavily on the China trade.
Typical politicians in a democrazy, oppose/support for the purpose of oppose/support, they don't have a principle to stand for.
 

Bellum_Romanum

Brigadier
Registered Member
Typical politicians in a democrazy, oppose/support for the purpose of oppose/support, they don't have a principle to stand for.
And yet we are told constantly that such political system is what's needed in China in order for China to unleash it's potential I.e. bigger wealth growth and political liberalization will make the country much more prosperous (lies and bull...t) When we all know that the record of Chinese economic growth has never been done or happened anywhere else in the world democracy included. This is the fact that is lost to many western apologists, western democratic lovers both within and without China. Some Chinese were moronic enough to believe that being in a democracy would have made China more prosperous if there was "free political debate" based on their erroneous belief in the American political system and one can't blame them at one point since America was indeed that center of the universe for most of the world. The subsequent financial crisis of 2008 the American misadventures in the whole of Middle East; the incompetence of handling a once in a century pandemic have clearly opened the eyes of some Chinese who were still on the fence on the viability and attractiveness of the American political system compared to what the CPC offers and operates in the country.

Democracy invites a breeds disunity, chaos, fragmentation with respect to the population and loss of a coherent vision that all the people can rally and aim for collectively. American political system is disproportionately based on hyper individualism and a built in distrust of their government hence why almost nothing gets seriously done in America or elsewhere without propping up imaginary enemies real or perceived.
 
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