The way they're trying to frame these companies cheating on their taxes, as if the government is the bad one for not letting them get away with it. My brain is melting 🫠
I saw someone on Twitter called "The Great Thinker" say:
This is the worst time to do so as the economy is in a recession.
This bit is hilarious, like what China couldn't issue currency the way the US does if they really wanted to?
“China’s fiscal deficits have reached a tipping point,” said Gary Ng, a senior economist at Natixis. “There is more urgency to find alternative revenue sources . . . and taxing the wealthy and some companies creates a less direct economic impact on most residents.”
Chinese authorities are demanding wealthy individuals and companies double-check their taxes for unpaid liabilities in a move that threatens to further dent investor confidence in the world’s second-largest economy.
If rich people can't pay taxes, they shouldn't be investing.
“China’s fiscal deficits have reached a tipping point,” said Gary Ng, a senior economist at Natixis. “There is more urgency to find alternative revenue sources . . . and taxing the wealthy and some companies creates a less direct economic impact on most residents.”
Economists should be sent to Mars tbh
There is more urgency to find alternative revenue sources
What revenue, they're a government
enforcing the law against the wealthy is genocide actually
china's evil truly knows no bounds
“This type of thing — local authorities levying extra fines and taxes on companies — is happening every day and it’s hurting morale,” said an economics professor in Beijing who wished to remain anonymous.
Lmfao! Cry harder plz. Muh freedums!
"It is deeply concerning that China is trying to make the rich pay their fair share in taxes" -- western media, probably
