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Still, a death sentence?

by drinian 15y ago

AJ007 15y ago
China has the death penalty for many crimes, including tax evasion. This seems to be an appropriate sentence on those levels. Hopefully there will be people left to run the country after their property and construction bubble pops. Here are a list of financial crimes punishable by death, per Wikipedia (hope this is a reliable source since there seems to be a debate above!) * 12. Whoever, for the purpose of illegal possession, unlawfully raises funds by means of fraud * 13. Whoever commits fraud by means of financial bills in any of the following ways: o (1) knowingly using forged or altered bills of exchange, promissory notes or cheques; o (2) knowingly using invalidated bills of exchange, promissory notes or cheques; o (3) illegally using another's bills of exchange, promissory notes or cheques; o (4) signing and issuing a rubber cheque or a cheque, on which the seal is not in conformity with the reserved specimen seal, in order to defraud money or property; or o (5) signing or issuing bills of exchange or promissory notes without funds as a guaranty, in the capacity of a drawer, falsely specifying the particulars thereon at the time of issue, in order to defraud money or property. * 14. Whoever commits fraud by means of a letter of credit in any of the following ways: o (1) using a forged or altered letter of credit or any of its attached bills or documents; o (2) using an invalidated letter of credit; o (3) fraudulently obtaining a letter of credit; or o (4) in any other ways. ... AND if the amount involved is especially huge, and especially heavy losses are caused to the interests of the State and the people. * 15. Whoever falsely makes out special invoices for value-added tax or any other invoices to defraud a tax refund for exports or to offset tax money if the amount involved is especially huge, and the circumstances are especially serious, thus causing especially heavy losses to the interests of the State. * 16. Whoever forges or sells forged special invoices for value-added tax shall, if the number involved is especially huge, and the circumstances are especially serious so that economic order is seriously disrupted.
olalonde 15y ago
The problem in China is that the expectation to get caught for any crime at all is very low. The population is huge and it's very easy to get away with tax evasion, financial frauds, etc. Since the expectation to get caught is low, they make up with very harsh sentences.
- stretchwithme 15y ago
  I think its more than just a population issue. The legal system is not quite as developed as it could be. For example, the courts don't have a working appeals process. People can appeal, but they have to go to Beijing to plead their case. And the central government punishes the provinces when too many people from their province do this. So what do the provinces do? Why, they kidnap people in Beijing, of course. They seem to keep track of people when they try to get justice, but not who's ripping them off. If they are smart, those in charge would make reforming this situation a top priority. They have a lot of internal dissent. Improving the legal system would help. Of course, that's probably a very tall order.

Still, a death sentence?

by drinian 15y ago

Still, a death sentence?

AJ007 15y ago

China has the death penalty for many crimes, including tax evasion. This seems to be an appropriate sentence on those levels. Hopefully there will be people left to run the country after their property and construction bubble pops. Here are a list of financial crimes punishable by death, per Wikipedia (hope this is a reliable source since there seems to be a debate above!) * 12. Whoever, for the purpose of illegal possession, unlawfully raises funds by means of fraud * 13. Whoever commits fraud by means of financial bills in any of the following ways: o (1) knowingly using forged or altered bills of exchange, promissory notes or cheques; o (2) knowingly using invalidated bills of exchange, promissory notes or cheques; o (3) illegally using another's bills of exchange, promissory notes or cheques; o (4) signing and issuing a rubber cheque or a cheque, on which the seal is not in conformity with the reserved specimen seal, in order to defraud money or property; or o (5) signing or issuing bills of exchange or promissory notes without funds as a guaranty, in the capacity of a drawer, falsely specifying the particulars thereon at the time of issue, in order to defraud money or property. * 14. Whoever commits fraud by means of a letter of credit in any of the following ways: o (1) using a forged or altered letter of credit or any of its attached bills or documents; o (2) using an invalidated letter of credit; o (3) fraudulently obtaining a letter of credit; or o (4) in any other ways. ... AND if the amount involved is especially huge, and especially heavy losses are caused to the interests of the State and the people. * 15. Whoever falsely makes out special invoices for value-added tax or any other invoices to defraud a tax refund for exports or to offset tax money if the amount involved is especially huge, and the circumstances are especially serious, thus causing especially heavy losses to the interests of the State. * 16. Whoever forges or sells forged special invoices for value-added tax shall, if the number involved is especially huge, and the circumstances are especially serious so that economic order is seriously disrupted.

olalonde 15y ago

The problem in China is that the expectation to get caught for any crime at all is very low. The population is huge and it's very easy to get away with tax evasion, financial frauds, etc. Since the expectation to get caught is low, they make up with very harsh sentences.

stretchwithme 15y ago
I think its more than just a population issue. The legal system is not quite as developed as it could be. For example, the courts don't have a working appeals process. People can appeal, but they have to go to Beijing to plead their case. And the central government punishes the provinces when too many people from their province do this. So what do the provinces do? Why, they kidnap people in Beijing, of course. They seem to keep track of people when they try to get justice, but not who's ripping them off. If they are smart, those in charge would make reforming this situation a top priority. They have a lot of internal dissent. Improving the legal system would help. Of course, that's probably a very tall order.