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  1. #11

    Join Date
    Aug 2008
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    猴山
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    Quote Originally Posted by civil_servant
    Those guys lost their plot.
    The CCP have done a great job of lifting many of the masses out of abject poverty and enriching themselves beyond their wildest dreams.

    Quote Originally Posted by civil_servant
    Just saying, it's a lot more complicated and difficult than plugging loopholes.
    It is not - It is about closing loop holes. Some loop holes are easier to close than others. Changing the tax system to focus on harder to avoid taxes such as value added, land and dividend taxes are a good place to start. Profits Tax is so 19th Century as a concept.

  2. #12

    Join Date
    Mar 2009
    Location
    Hong Kong
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    1,755
    Quote Originally Posted by East_coast
    It is not - It is about closing loop holes. Some loop holes are easier to close than others. Changing the tax system to focus on harder to avoid taxes such as value added, land and dividend taxes are a good place to start. Profits Tax is so 19th Century as a concept.
    I agree. Its not hard to actually come up with solutions to the loopholes. Its just whether there is a will and motivation to get them implemented due to the power and influence of the people using the loopholes.

  3. #13

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