RSS Feed

Calendar

February 2019
M T W T F S S
« Jan    
 123
45678910
11121314151617
18192021222324
25262728  

Search

Tag Cloud

Archives

The Economist (December 1)

2018/ 12/ 01 by jd in Global News

“Personal income tax accounted for only 8% of total tax revenue in China last year, compared with an average of 24% in the OECD, a group of rich countries.” This is largely because tax dodging is ubiquitous. Estimates suggest “only 2% of Chinese pay any income tax.” Since “China has run a budget deficit in 21 of the past 22 years,” however, the government is now making efforts to raise collection to 15%.

 

[archive]