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Thread: Reduce personal tax for these rich people?
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[quote=MARRIE,274256]China: a shared poverty to uneven wealth? Taejoon Han The George Washington University The Elliott School of International Affairs (2) Major causes of income disparity. The signs of serious income disparity began to occur soon after the Chinese government has granted regions and individuals with the conditions for them to get rich first through special, preferential policies. Such course of polarization in China may be an unavoidable situation since the country has been on the developmental stages of economy. In this paper, however, we will not be discussing about the general causes of income disparity which have been previously studied in numerous materials.. a. Unlawful factors. In this paper, "unlawful factors" include; exploitation of policy, systematic, and administrative loopholes, and abusing individual's power to gain personal wealth through illegal profiting, and tax evasion. ยท Significant decrease in the state finances has caused many problems of corruption in government institutions and organizations in recent years. There have been reports on the abuse of power for personal gain and exchanging power for money. [/quote]
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