3 ms·

The article doesn't say how much of the budget is from income taxes, but it cannot be a lot if only 2% pay taxes. In the US income taxes are almost half of bud

• sanxiyn 8y ago
  > The article doesn't say how much of the budget is from income taxes It does. It is 8%.
  • samspenc 8y ago
    That's interesting - because it begs the question, if income taxes are only contributing 8% to the coffer, where is the country's revenues mostly coming from?
    • gammateam 8y ago
      Nationalized companies and tariffs The party owns like 15% of every company
      • Iv 8y ago
        As well as ~100% of 3 of the 4 largest companies in the world: https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue https://en.wikipedia.org/wiki/List_of_largest_companies_by_r... (and most of the biggest companies in China as well)
        • apexalpha 8y ago
          Sweet lord look at that difference between the Chinese petroleum and Dutch Shell in terms of revenue / employees.
          • badpun 8y ago
            Shell most likely contracts out most of the workload to subsidiaries and external companies (ex. franchise gas stations).
    • epynonymous 8y ago
      corporate tax, import/export tax, luxury good value added tax (vat), house purchase tax, etc
    • mathieuh 8y ago
      Huge natural resources (if you want new earth magnets it’s your only option etc,), huge moderately to well trained labour force, a smart foreign policy in building very close ties to their sometimes previously hostile neighbours That’s what springs to mind. I’m sure the government has found some way to effectively tax its citizens but isn’t calling it “income tax”
  • gok 8y ago
    It's 8% of tax revenue. It's less than that of the budget, since they run a deficit and have other non-tax revenue sources.