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The problem are high taxes (for employees) which means it is expensive to retain talent plus mountains of bureaucracy and more taxes.
by varispeed 6y ago
The problem are high taxes (for employees) which means it is expensive to retain talent plus mountains of bureaucracy and more taxes.
- acdha 6y agoYou’re saying that China doesn’t have bureaucracy or taxes? Their income tax seems to go up to 45% so it seems unlikely that nobody else in the world can match it. South Korea is 42%, so how does Samsung manage?
- lazide 6y agoIn China at least, you make sure you have the right party members on your board and all that pesky paperwork and taxes mostly disappears. Not sure about Korea.
- varispeed 6y agoWorkers in China can't just pack their bags and leave to a country that values them, so for them it is what it is.
- acdha 6y agoHow many Americans give up their citizenship to avoid paying taxes? It happens but it’s extremely rare and I’m highly skeptical that tax rates are the explanation here.