The government has gone crazy due to a money shortage; Chinese private companies are in trouble.
#chinainsights
Recently there has been shocking news for many private enterprises in China, that is, the local government has started to review taxes of private enterprises for the past 30 years and the amount owing reaches tens of millions to hundreds of millions of yuan.
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Пікірлер: 161
Smells like national bankruptcy.
@animejanai4657
19 күн бұрын
Researching your taxes for the PAST THIRTY YEARS for tax penalties is pretty amazing. It means there is no statute of limitations for taxes in CPC/CCP China. And that previously paid and successfully closed tax periods don't keep a company off the hook for being required to lay more Golden Eggs for the government to harvest. Tax the Rich. The Rich is apparently everyone else that isn't politically exempted from taxes.
@seekthetruth1478
19 күн бұрын
That's a Bingo.
@animejanai4657
19 күн бұрын
Can they go bankrupt if they keep printing more money? To prevent international banks from losing direct confidence in the renminbi, the CCP has the branch of national govt CBPMC print more banknotes such as 500 billion more yuan in the form of 100 yuan banknotes. The People's Bank of China (PBoC), the central bank, authorizes the CBPMC to print new banknotes based on economic plans and informs international bankers. The international banks then devalue their voluntary exchange rates which of course affects the prices of chinese goods that USA consumers pay. BUt what if the CCP leaders are deceptive? Why not print banknotes with identical serial numbers? Thus, they can tell the international banks the CBPMC is printing 500 billion worth of new currency, but in actuality, ten banknotes are printed with the identical serial number which means 500 * 10 --> 5 trillion worth of renminbi was printed up. It is not beyond the CBPMC to do this because in the past, the official government banknote presses had actually printed large quantities (amount unknown) of duplicate banknotes and released them for circulation. Duplicate officially-printed banknotes have been detected and shown in other youtube channels.
They are doing this because all belong to the party! Nothing belongs to you.
@migsmigs8920
20 күн бұрын
Yeah in communism you own nothing even your life owns by the state
@cccc7006
20 күн бұрын
In capitalism, what you work for belongs to you. In communism, what you work for belongs to the govt
@okay.buddie
20 күн бұрын
"I am a proud Communist" ... Jackie Chan
@tenglim4406
19 күн бұрын
Nah, it belongs to the party's elites, esp to Chairman Xi, and his family?!
@2packrm781
19 күн бұрын
@@user-oe2zs4td4b the next slogan titled, "The Party Owns YOU (& That's That)"☹😨🤯🤯.
30 years back audits, that is absolutely insane, I dont undestand why every Western company is not runing from there now.
@rebeltheharem7028
20 күн бұрын
They actually are.
@gundam0816
20 күн бұрын
They probably in the process of running now
@sleepinglaffey3886
20 күн бұрын
AI 5G Financial Planning Failexpertise
@_PatrickO
20 күн бұрын
The ccp is panicking because president biden greatly reduced chinese imports into the US in response to china sending over drugs laced with fentanyl. If the chinese people's unrest gets out of hand, the ccp is going to need to wipe out their own people. They will probably start a war with taiwan just to have a way to get the chinese population reduced.
@luther0013
19 күн бұрын
Only reason is because China has strict laws that are actually enforced on moving money in and out of the country which would paralyse western companies if they tried moving there.
Good. Let's all further help the Chinese out by reducing any Made-in-China purchases whenever humanly possible.
30 years in business 29 years of back taxes lol
@OLDMANTEA
20 күн бұрын
The first year was good
@animejanai4657
19 күн бұрын
I wonder if this means all those foreign companies that abandoned China also owe back taxes? Does this mean China will detain executive officers of those companies if they ever enter a border crossing where China can extradict the tax evaders?
@nataliet4293
19 күн бұрын
@@animejanai4657 probably were the o nly ones that had to pay tax but who knows. I wouldn't risk it
Yeah, that'll fix their economy 🤣🤡
@Present-Tense
19 күн бұрын
The XiXiP has brought this mess on themselves ----------- but, rest assured, they will blame the US and Europe for their next century of self-induced humiliation.
@sleepinglaffey3886
19 күн бұрын
Return to poverty 🇨🇳
Corrupt. Coercive. Punitive.
@markdowse3572
19 күн бұрын
Nice. 👍
@weighs-n-means
19 күн бұрын
@@markdowse3572 Ta, but the trouble is that they are not nice.
Wow things are really desperate in China.
So now all big private owner businesses will be making a plan how to take all the money and run if your buisness gets a "Tax Audit"!!!!! This is madness. Where is everyone going to work if this keeps happening one way or another.
@pracylopgonzer3176
20 күн бұрын
They’re going to work in India, Indonesia, Vietnam & Mexico
@Mr.TrUnrBrigs-oo4yz
20 күн бұрын
Nah bro, you have to " close " the business and reopen elsewhere under new name and say that money was lost. And its too late to put your money in foreign bank cause CCCP coming for you already. LoLz
Grab your money and run !! To a decent country !!😮
@okay.buddie
20 күн бұрын
NOT AMERICA!
@Wayne-tb8tk
19 күн бұрын
@@okay.buddieAnywhere but China !!
And they wonder why companies are leaving china Or refusing to invest in china
The CCP regime enforcing Common Prosperity 😱😱😱
@annaclarke7643
19 күн бұрын
Don’t you mean Common Poverty?
Out of business sale. Lenders and accounts receivables show up. More unemployment less taxes
"I am a proud Communist" ... Jackie Chan
@HKim0072
19 күн бұрын
Total sellout. Chow Yun-fat is the real deal. _...took the threats to his career and future earnings in his stride, responding to the rumored ban in China with a simple: “I’ll just make less then.”_
In my country not even the government can go past 7 years Chinese people are being robbed
Super Power that cant count!..😂😂😂
@WarH
19 күн бұрын
I think they should get away from the abacus and go to Calculator
It's not just a vicious circle it's a ruthless downward spiral gaining momentum for each and every misstep sweeping more and more people until it becomes unstoppable until it ultimately decimates itself to oblivion.
@t1n4444
19 күн бұрын
Hmm ... nothing good comes out of communism. Civil war waiting to happen?
why not audit CCP's members
@geofractal
19 күн бұрын
What?! and find all that missing money?
How many more businesses are going to leave or go under? Again, China is doing itself in by making it hard to do business in China. Without those businesses, people are unemployed, less domestic consumption, and less taxes revenues for the future. Things are not going to well very soon.
Bankrupt these companies for sure. They need to get out fast with their money.
Now they reap what they sow 🌽
This will Help their Stock exchanges 😂 🇺🇲
Business corruptions over the years lowers their taxation however corrupt officials always come back for more.😊
I wonder how long this will last...
Where else would they get the money to invade Taiwan. I mean really, it's not like they're using that extra money for homeowner relief or economic relief or anything for the people in general so you have to wonder what they're using that money for.
@sleepinglaffey3886
20 күн бұрын
Organ Leeks
@jamestk656
20 күн бұрын
@@sleepinglaffey3886 They already get those organs for free from Xinjiang.
@sleepinglaffey3886
20 күн бұрын
@@jamestk656 All leeks still. High school Organ Hu x i n y u leeks be leeks
@door1479
18 күн бұрын
The money goes into the pockets of the corrupt CCP.
As the old New Age ancient China people proverb ... "If you can cheat, cheat but also lie and steal and deceive"
Weird..... Chinese business are famous for avoiding taxes in all countries ...
At this point, what is stopping the CCP from just taking money directly from peoples and companies bank accounts?
@neilsmith2047
19 күн бұрын
Are they not doing that already with the extremely difficult requirements to allow bank withdrawal? Or the unauthorised purchase of financial products such as insurance products 'on behalf' of the bank depositor, by the banks.
@seekthetruth1478
19 күн бұрын
CCP Officials Reading China Insights Comments Sections - (rubbing chin) - "Hhhhhhhhmmmmmmmmmm. Hey Boss, I've got an idea......"
China is once again trying to fight the sparrows,
Audit of mass destruction
I guess that xi Xing ping civil war speech was real
I ❤ this channel!!! 😊
Time to buy a wife "made in china" do they do mail order ? 😂
poor broke kommies
is their solution to the real estate crisis (evergrande)?
Golden age of thug culture 🎉🎉🎉
Wonder if they find anyone that paid too much tax and pays them back^^
A loan shark has more financial sense and empathy than a Xilandian tax collection office, You should recover as much as you can while allowing the business to continue to earn more. Not just scare the business into running off with what little they have and bankrupting them.
I honestly would believe that every single one of these business actually owe these taxes. I cannot imagine chinese folk are eager to pay taxes. Hustle culture and all E: also none of these commenters actually know what they're talking about lol. "i dont like this so its unconstitutional" i dont follow, sir
Did Tesla get taxed
@cyberslim7955
19 күн бұрын
They don't pay tax, because their T junk doesn't sell! 🤣🤣🤣
@Richard_the_lionheart75
16 күн бұрын
@@cyberslim7955twat
U mean New Taxes!!😂 🇺🇲
ccp government need tax money to feed the ccp member😂😂😂
Remember if made in China return it .
So lame, can you not say the word "kill"?
Chinese Sheriff Nottingham
It seems Mao v2.0 is starting his Great Leap Forward...
Looks like everything will be made in India soon..
if true, desperate
What is as you-on?
0:04 ok, where is this going🤨 0:14 that's alot of uncollected taxes, if it were true🤔... 1:51 of course Beijing would😒 1:59 ooooh, so that's what Beijing is trying to do & they think that, that's going to solve the issue? Talk about 'get real man' or 'do you hear yourself talking'?😧🤯 2:50 Tax Targets... that sounds like a good name to a movie in China🤨😬🤫 3:30 so they're making big enterprises the next piñata🪅😬🤯 4:12 why is that so laughable the way you put it Sean? & I'm being serious, too😦 4:26 hey, guys, get ready to be educated & I really do mean it; ⭐4:42 Mr. Wang Cailiang is the star of the upload & he knows what he's talking about😯➡️ 4:58 , 5:10 , 5:19 , & 5:31 & ⭐ 5:48 where has this Uncle been hiding all this time😲😲? 5:58 I applaud this guy for digging deep into the CCP's knee jerk reaction & it's crazy beyond reason😬😱 7:03 I wonder what it was like before her update & how is this going to be executed? 8:45 that poor Beef Noodle House owner☹ 10:49 so they knew before, but didn't want to make a huge deal out of it back then. Now, the situation has changed & they're all of a sudden getting serious🤨🤨🤨...? 11:05 sounds like another round of dumb ideas passed as 'Good Thinking'😒.. 11:13 ok, if everything mentioned is true then fine, but... what's the real trade-off & how practical is it in action, plus, what other incentives are going to have to go away until 'further notice'🤔?
@SurzhenkoAndrii
19 күн бұрын
Thank you for the short summary
@2packrm781
19 күн бұрын
@@SurzhenkoAndrii my pleasure, bro😎👊 (fist bump to you).
actually paying taxes CRAZY
Reminder to the last one to fleeing to the US-Mexican border - Turn out the lights.
I mean, taxing the rich doesn't seem that bad to me
You should learn to pronounce Chinese - it's not hard.
@Richard_the_lionheart75
16 күн бұрын
You should learn to shut up
Patriotism of Xinnie PorkPooh #slopagandpa #misery - With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters. -Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing -Tofu Exports and Western imports, accounting for 37% GDP, are down. -Foreign investment is falling over 90% compared to it's peak in 2018. -Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left. -Consumer prices are experiencing hyperstagdeflation. -Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record. -It's fast shrinking workforce is 10 years old than neighboring countries. - During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times. - It has printed more money than the US and Japan combined, while it's economy is only half of them. - Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg. - This is a macroeconomic nightmare created by the party going way back in 1994 when they took the Tofu money off the international exchange. Now in 2024, the banks and the average little pink have no idea what is the ACTUAL value of anything within the country. Any stimulus from the Central state. will be meaningless and ineffectual because the Central Bank is a part of the Party. Thereby merging both fiscal Central and monetary private policies into one ongoing disaster. Local province officials were doing stimulus spending for decades in tandem of the "Economic Miracle" which will undermine any Central stimulus during an actual depression/recession or more accurately.. HYPERSTAGDEFLATIONARY NIGHTMARE. -- in the future house prices will drop to 10%, youth unemployment will be over 70%+ without streams, and middle class people over 35 will all be laid off. How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 2 dollars. Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card Arctic Catfish Shenzhen: laughs at how Leeks feed her WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie