China

(Draft Bill)

One China, Two Systems

China to join the EU

€10 an hour minimum wage (including gig work)

€1000 a month UBI per person under a €12,000 yearly income

20% consolidated flat tax over €6,000 a year (with double taxation)

20% corporate tax on profits

20% value added tax tax on each stage of sale (paid quarterly)

20% value added tax on importing

VAT tax registration over €6,000 a year

Sole trader registration over €6,000 a year

Gay and polygamy marriage legalized

Recreational drugs decriminalized

Estimated Revenue: €18 trillion a year (€1 trillion surplus a year)