|
I don't agree with Larry Lang in this point.
If reducing tax rate, it will help the low tech and labor intensive firms to struggle to survive for one or two more years. This does not solve the problems. The policies I prefer is to grant high tech, innovative, and technology intensive firms with tax deduction and leave the tax rate for labor intensive industries the same in the eastern part of China. These industries will automatically transit to mid and western part of China. Well, even if the government does reduce the tax rate, it will print more money to fill the gap of phiscal shortage, increasing inflation. This is part of the 'crowding out effect'. As an entreprenuer, he/she should jump into the trend, forecast the future and adjust their strategies rather than waiting for government's tax reduction, especially in China where something is not what we can control.
| 
发帖
雷达卡
jg-xs1
京公网安备 11010802022788号
论坛法律顾问：王进律师
知识产权保护声明
免责及隐私声明
