In your interest.
Online Personal Finance Magazine
No beating about the bush.
Here are some financial facts about China:
• No capital gains tax
• No property tax
• No local or state taxes
• A reasonable 35% tax rate for the highest earners
• Corporate tax rates of zero percent for 3 years and 15% per year after that.
So, is China, for all its flaws, more capitalist than the United States now?