Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (67427)	11/18/2003 10:24:40 AM
From: BubbaFred	Read Replies (1) of 94695

I didn't mean Japan or Singapore. It's in other developing countries. The main reason is inadequate method of tracking the businesses. A business takes care of the accountants, district and local police (authorities) to make sure goods will be delivered safely and on time, government revenue officers, and tax payment, all totals 10% to 15%. It is common practice. These are countries still run on "grafts" or a method for spreading the wealth. They keep two books, with a special one for the government tax collector. In Hong Kong, tax for stock market gains (long or short terms) is 0. I am not sure about income tax. In China, the official tax rate is quite heavy. It is graduated with maximum tax of about 40 - 45% above a certain income level. However there is inadequate tracking system, and most of the businesses and the transactions are cash business.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next