Dong Mingzhu may be one of China’s richest women as the leader of the world’s largest air-conditioning giant with annual sales of 200 billion yuan (US$30 billion) but the chairwoman of Gree Electric Appliances has gained popularity by championing the cause of the less well-off.
A case in point is that over the past years, she has consistently and publicly pressed the Chinese government to reform its regressive and much maligned personal income tax regime by hiking the tax-free threshold so that most Chinese don’t have to pay income tax.
Since 2018, as a deputy to the National People’s Congress, China’s parliament, she has used the occasion of the NPC’s annual session to drum up public support for her proposal to raise the threshold at which tax becomes payable to 10,000 yuan a month, doubling the current minimum of 5,000 yuan a month.
Read More at https://www.scmp.com/week-asia/opinion/article/3124143/why-its-time-china-cut-its-45-cent-income-tax-rate
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