In China most people pay 10% withholding and do not have to even file taxes.
There is no property tax. Repeat. There is no property tax.
There is no sales tax.
Businesses pay a lot less in tax than American businesses. It is easier to start a business and get rich in China than in America.
But that's OK, Americans are free. Free to do what, I might ask.
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A china - usa comparison is too far fetched. There is nothing to compare - US has a far better standaart of living, which is backed by these same taxes.
Yeah u r right.
Yeah yes bro ..the main reason for blocking and holding their accounts is they are not pay taxes to the government and also the most of the huge investors are from chaina ..so if th chaina ristrict this type of rules they have to pay taxes and continuous trading ...this causes chaina get some profit from the traders through taxes
Yeah I get this.