27 April 2017

15% tax rate


there will be a huge impact on Hong Kong. how the US can implement this low tax (15%) policy is subject to the following restrictions: (a) its national debt; (b) its military, welfare and medical spending; (c) whether the previous 35% was in fact a smoke screen [which means in effect no big difference between 35% and 15% in terms of tax revenue]; and (d) its shale gas development in the coming years. if all the dirty jobs are thus imported back to the US, people will not like it, but the choice is limited if welfare spending is being cut. the "glory" of capitalism is back.

http://news.rthk.hk/rthk/ch/component/k2/1327362-20170427.htm

No comments: