CRUMBS – ANOTHER TAX ?

 

It could be an early April fool joke or just fermenting trouble for the new Beijing regime but I read that the Chinese Exchequer is introducing a tax on moon cakes!

[Please don’t mention this to British Chancellor Osborne otherwise he might tax mince pies and hot cross buns.]

If true it will leave a bad taste in 1.3 Billion mouths ahead of the Mid-Autumn Festival.  Tens of millions of brightly decorated boxes of the fist-sized moon cakes are exchanged at this time of year in a symbolic tribute to the full moon which this year falls on September 12.

The Mid-Autumn Festival is a traditional time for family reunions in China when it comes to people’s feelings the government needs to consider more than taxing tasty food. State revenue has increased faster than people’s salaries this year, so it would be a way to show the authorities’ concern for the people by cutting a little tax before the Mid-Autumn Festival. What is next on the list from the office of unfair taxes? Fireworks?  The ruling adds insult to injury because it falls disproportionately on average workers.

Welcome to the world of capitalism folks.

Advertisements

5 thoughts on “CRUMBS – ANOTHER TAX ?

  1. I can’t claim to be an expert on China’s economy. But I do know that the state does next to nothing to provide health care or a pension plan. So people save at a much higher rate than they would have to if each individual did not have to carry the full burden of providing these things for themselves, and could put some of their savings into improving their present quality of life.

    I don’t know how else the state can provide these safety nets – and it seems to be a good idea that it does – except through taxes.

    But I’m certainly open to suggestions. Especially if there’s an alternative to taxing moon cakes!

    • It truly amazes me that the world’s two largest economies do nothing for the welfare of there citizens, namely China and the USA. State taxation under the survaillance of sovereign laws is far better to multinational corporate greed fleecing the sick, unemployed and the savings of future pensioners. At least we do not tax food – yet !

  2. It’s not quite true the US doesn’t do anything for its citizens in the same way as China. I myself receive a US state pension, and for those who have contributed for all their working lives, payments are equal to about £1400 monthly at current exchange rates. And like pension payments here in the UK, they come with a tax break for those in the lowest income brackets.

    Health care – now that’s a different matter. But even in health-insurance-phobic America, there is Medicare and Medicade available to those over 65 (whether or not retired), and to all on disability or unemployment payments.

  3. you should never try to make sensible reason about what the Chinese government is doing all the time. otherwise you’ll innevitably be treated as lunatics! lol

Comments are closed.