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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (61074)	2/14/2010 4:34:56 AM
From: Seeker of Truth	1 Recommendation Read Replies (3) \| Respond to of 217570

With the shift of taxation from income to consumption, rich people would do very well and the poorest people would starve to death. Seeker of Truth

To: Cogito Ergo Sum who wrote (61074)	2/14/2010 6:30:49 PM
From: TobagoJack	2 Recommendations Read Replies (2) \| Respond to of 217570

hong kong government, due to the economic boom we are experiencing, is flush with cash, and is now actively deliberating on decreasing our very high personal income tax rate of 15.5% and exceedingly high corporate tax rate of 16.5% the current 15.5% (and 16.5% for corporates' on-shore profit)is only applicable to on-shore salary income (0% is applicable to on/of-shore dividends, interest, capital gains) plus we get about 25-50% (higher use nets less govt aid) of our electricity paid for by officialdom largess so as to help the needy given the tax structure, most proprietors opt for dividend income and focus on off-shore revenue, so as to pay effectively nothing, and so entrepreneurs are encouraged to be self-reliant and remain sovereign entrepreneurs even as entrepreneur rank swells with enthusiastic newbies wherever entrepreneurs are championed, true freedom reign supreme everywhere else is just a tax cow farm, kindergarten, or gulag; same differences