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Thread: Reduce personal tax for these rich people?
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[quote=MARRIE,274255]China is in early stage of market economy. Income disparity seems inevitable. Likewise, Taxation system in china is just far far away from mature in comparison with developed countries. Government tax revenues are supposed to redistributed to the social majority, such as public education, public infrastructures, social security, etc. Developed countries have set up a good sample for China to follow: that is equal chance of receiving education no matter poor or rich, facilitating conditions for equal competition. What China faces is social crisis – gap between poor and rich. The widening gap proves that China is still in baby stage in development course and one of the major reasons for this is its regulations system including taxation is vulnerable or underdevelopment. I came up with a good article stating the major causes of income disparity in china as the following abstracted. [/quote]
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