Yeah, read it last night in Chinese news news.hexun.com
a good move, although should have been done much earlier. After 27 years, there are already plenty of special interest groups formed in China's politics, which makes many policy change difficult. Luckily, Jiang Zhu pair is gone. Otherwise, this kind of regulation could never come out.
So many foreigners have never paid one penny of tax in China but made millions out of flipping housing in big cities in China without facing any tax consequences, and all these are done at the expense of the local Chinese. Technically, these guys, if they are US PR/citizens, they should pay the US gov. tax on those earnings, although I think few of them do. And I know plenty of these are overseas Chinese<g> For those who did pay, here is another ripping-off of Chinese economy by the US regime. Even though I know this is due to the foolishness of Chinese gov. themselves.
And BTW, there is no mention what is the percent for the tax. Personally, I think they should charge at least 30% or higher, maybe 50% is about right<g>. And use those money to compensate poor Chinese farmers. |
