https://old.reddit.com/r/stupidpol/comments/1qqdvyc/china_goes_on_hiring_spree_for_tax_officials_as/

The central government has already increased efforts to collect revenue from the rapidly expanding and previously only loosely taxed digital economy, particularly areas such as online commerce and livestreaming…

Tax authorities have also announced moves to tighten tax enforcement and to scale back the use of corporate tax breaks by local governments that have been accused of fueling industrial overcapacity…

Authorities are also broadening the tax base by capturing more high-income earners, including those making capital gains on offshore equity investments. Chinese investors with overseas portfolios face a 20 per cent levy on their global income, the Financial Times reported in August…

Beijing is also seeking to strengthen collection of direct taxes, such as income tax. The state currently relies heavily on indirect taxes, including consumption taxes and value added tax…

It’ll take time for these reforms to take effect but better late than never. It’s honestly shocking how little China taxes. Like there’s no property tax in China because they’ve been able to get away with just making money off selling leases on land until now. If this makes local governments less reliant on land sales, that would be great.

Less corporate tax breaks and more taxation on capital gains, income tax, and e-commerce sites is great. Also, there are already plans to raise minimal wages in China. My hope is that they would use this to fund their single-payer health insurance more and more welfare spending in general. But knowing China, there probably just gonna spend it more on industrial policy, which is unfortunate.

It’s honestly tragic how underfunded the IRS is here in the U.S. We need a lot more tax officers than we have now. There are so many things local, state, and the federal government could start doing like infrastructure projects and industrial policy if we just started taxing more.