Mainland Misery, Cont

Ferguson, Tim W.
June 2007
Forbes Asia;6/18/2007, Vol. 3 Issue 11, p18
The article reports that China had dropped eight points in tax comparison released by "Forbes" magazine. Chinas was still the third-stiffest burden of the 50 places shown in this magazine, better only than France and Belgium. It was noted that China's macro tax burden was 18% of gross domestic product (GDP). According to the author, the defenders of China's tax policies stressed that consumption taxes do not apply to all products and emphasized that China does not have a wealth tax.


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