Re:Canada is the world’s newest tax haven (2017)
by throwaway35784 on Monday November 18, 2019 @10:30PM
(#21570422)
The average person in the top 1% in China has over $2.1 million CAD. That's 14 million people, which is half the population of Canada.
Canadian homes are their safe deposit boxes. They buy homes in Canada, one of the safest places in the world to protect their assets from the Chinese govt.
They walk into a casino with a suit case of dirty cash, then walk right out and it's clean, Tax free money. Then they buy a house.
No wonder locals can't afford a home. A studio apartment costs $500,000.
Re:Canada is the world’s newest tax haven (2017)
by mgh2 on Monday November 18, 2019 @10:12PM
(#21570362)
Who knows? But one theory might be from selling jacked up prices in Amazon (Western market)...being the suppliers themselves. I know people who did this, there are also ecommerce companies that source from China and market the hell out (FB, Adsense) of crappy products to Westerners...those counterfeit and fake product reviews from Amazon- most are Chinese...
Re:Canada is the world’s newest tax haven (2017)
by godelmachine on Monday November 18, 2019 @11:03PM
(#21570566)
There’s a similar app we have in India called “ClubFactory”
All products are Chinese made though they do a good job making it look Western and branded
How come Chinese have that kind of money while entering? Are they all rich and well-bequeathed?