Some estimate maybe only 10% of Chinese individuals pay tax. Individual taxes account only about 8% of China's tax revenues.
Bulk of the tax burden comes from consumption and business.
I'm all for that. If I make a million dollars but I live frugally and invest my money, why should I pay 50%?
Sure the argument for individual taxes are about social wellness but how do you justify that when businesses are avoiding billions of tax legally.
Make no sense.