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It seems to me China would generally be in favour of this. They're a large country with large internal consumption, and they would rather some of this money goe
by Leherenn 5y ago
It seems to me China would generally be in favour of this. They're a large country with large internal consumption, and they would rather some of this money goes into their coffers than somewhere else.
Generally, fiscal paradise are small countries which have little to lose by lowering taxes (to local business), and a lot to gain by attracting revenues from bigger countries.
China's corporate taxes are much higher than 15%, so it's not like they would be directly affected by this. They might oppose the plan (I have no idea), but it's unlikely to be on an economical aspect of that's the case.
- robomartin 5y agoYou need to understand the business equation of a Chinese export company in order to understand what I am talking about. Books have been written on the subject. I can't do it justice here. Let's just say things don't run like they do in the US and Europe. Not even close.