Re:Smaller Overseas Entrepreneurs Find China Too Frustrating
by TeMPOraL on Saturday November 07, 2015 @08:07PM
(#10526925)
It might be benefiting the world in a way already - those who want western businesses in their area may decide to not require them to bribe so hard.
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Re:Smaller Overseas Entrepreneurs Find China Too Frustrating
by seanmcdirmid on Saturday November 07, 2015 @09:34PM
(#10527161)
Or you know, if you want western capital, clean up your government.
Re:Smaller Overseas Entrepreneurs Find China Too Frustrating
by mahyarm on Sunday November 08, 2015 @01:15AM
(#10527736)
They can also make it official law. It's not illegal under the FCPA to pay official rush fees, just the unofficial ones.
So in corrupt government X, you make a special western investment tax. The funds of that tax goes to a special fund used for development projects. Those development projects have to go through a convoluted procurement process, which co-incidentally only gets approved with a few politician's organizations. Those organizations then go on those make-work projects, and siphon off a lot of funds and never get them done. The make work projects also help them get re-elected because they create 'jobs'.