Huawei Teardown Shows Chip Breakthrough in Blow to US Sanctions

Re:Huawei Teardown Shows Chip Breakthrough in Blow to US San... by rfoo on Tuesday September 05, 2023 @07:02AM (#37390173)

How do you get ~5% effective tax rates? With EU-level salary you should be hitting 30% in their progressive income tax system. China has hidden sales tax (in the form of VAT), too.

IIRC As long as you work in tech (OK, there's some more subtle rules but let's assume parent gets it), Shenzhen caps your income tax at 15%. Still nowhere near 5%.

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Re:Huawei Teardown Shows Chip Breakthrough in Blow to US San... by user_named on Wednesday September 06, 2023 @11:12PM (#37414316)

Shanghai has a foreign employee tax system, which works out to about 5% income tax. This system is only available to choose at some companies and provinces. At a previous company I did indeed pay something like 25-30%.

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