Ironically, the new government of the People’s Republic of China has decided the REDUCE their tax on dividends. Years ago it was 20%, then dropped to 10% in 2005. Effective January 1st, though, the dividend tax rate in China will drop to a mere 5%.Means to an end, to attract business out of the USA. Just have to read Red China’s constitution to see what they are truly about. (Never mind the fact that the author used Red China’s full name.)
Only countries which actually experienced living under communism or socialism are turning more capitalistic. Formerly capitalistic countries in Western world are turning socialistic. Eventually they will turn back but first they must experience the horrors first hand.
What does Red China’s constitution say?