Why Has China Started Taxing Its Citizens for Global Income?

The video discusses China's new tax rules aimed at reducing the tax burden on the poor and middle class by increasing taxes on the wealthy. It highlights the impact on Chinese expatriates, who must now declare global income, and the challenges in tax collection. The video compares the Chinese tax system with the US system and explores the legal and economic implications of these changes, including potential effects on China's competitiveness and expatriate decisions.

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What implications do the new tax rules have for the future of the Chinese economy?

How does the tax rate on dividend income in China compare to salary income?