December 20, 2005

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A tale of two taxes

History in the making. I wonder if any enterprising economic historians have thought to explore what the history of taxation has to tell us about human history and progress?

Compare and contrast: China will officially scrap all agricultural taxes, a tax that has existed for 2,600 years. On the other hand, Gaungzhou is to introduce a capital gains tax on property to curb speculation. We've gone from taxing the produce of the land to taxing the value of the land itself. That's progress for you.

On a completely different note, Skinhua brings you Yu Na in bikinis, helpfully labelling it "hot". Thank goodness China's official media outlet is leading the crackdown on declining morality.

posted by Simon on 12.20.05 at 09:06 AM in the China economy category.


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