Discussion » Current Events » Foreigner Social Insurance/Pension tax

  • 邓丽丽
    邓丽丽 wrote:
    <p>Anyone know anything about recent developments with this? I heard it is starting in March and will be retroactively applied from October, thereby doubling the withholding for the next 5 months. How is it calculated and how do we find out about the details? The original law had lots of contradiction and logistical problems and I keep hearing things that it has been worked out in some cities but can't find anything reliable about it. Sounds like taxation without representation to me, not to mention that there is little way to actually benefit from it.</p> <p>Also, I heard a bunch of countries are trying to get exemptions. Anyone else heard or read anything about this? It appears Germany and Korea already have exemptions but I don't know anything else.</p>
  • Simen Wangberg

    "Sounds like taxation without representation to me"

    You only get "representation" if you're a Chinese citizen. Which foreigners are not, by definition.

    Any foreigners who pay into the pension system will be eligible to get it later if they end up in China when they retire. I guess.

    I don't know, I don't really care. A lot of countries have similar systems, a friend of mine paid into the French pension system for the better part of a decade and won't see any of the money unless she retires there or something.

  • Simen Wangberg

    Edit function won't work.

    By "Chinese citizen," I meant "Chinese government official."

  • 随便叫兽
    随便叫兽 wrote:

    your reading comprehension isn't too good, is it? read the information again regarding pension payout eligibility.

    Your ability to present information in a concise and orderly fashion seems to be impaired.

    China seems to be creating a huge coffer of funds, contributed mainly by employers of foreigners

    That might be a foreigner's perspective, but they're fairly insignificant in the grand scheme of things. Ripping us off doesn't even rank on the agenda. I'm sure it's accidental. Chinese officials don't need such a heavily publicized pretext for new forays in graft and corruption, much less one giving the foreign experts something to bitch about.

    Sounds like taxation without representation to me

    0/10; OP confirmed for butthurt amerifat teabagger

  • 叮噹叔叔 (令狐叮噹)

    ...

    Hahahahahaha ... if anyone should like to know, our kind is exempted, or,at least I think I am going to be, but I am not German nor Korean ...

    Ripping us off doesn't even rank on the agenda. I'm sure it's accidental.

    No, with the percentage of people and hence the amount of money, it would seem that way, but it is certainly not accidental ... I think it is more about a legal government scam to get a balance, because some locals feel that it is necessary ...

    As far as foreigners are concerned, fairness is important ... and fairness is also what I understand to be the ideal of communism (probably wrong), but, China is not a communist country anymore, nor was it ever one to start with ...

  • 叮噹叔叔 (令狐叮噹)

    ...

    (continued) ...

    Because once they find it, tax it you will not have anything.

    Interestingly ... we finally consulted a FP guy (we-all-know-who does not think that the FPs in China are qualified) when we went home during holiday, to discuss our finance and retirement plan ... at our first meet, he told us to bring as much money back home as possible, because,according to him anyway, the ATO can actually track down every penny you own and even penalize you for withholding information, but at our second (or third) meet, he told us to keep as much of our asset overseas (outside Australia) ...

    I think I have seen someone here said it before, so I will plagiarize ... government is the biggest scam corp in the world ... off to work now :)

  • 叮噹叔叔 (令狐叮噹)

    ...

    (continued) ... and the forecast said that it would snow ...

    whatever your name is

    .... yeah, whatever 邓丽丽 said ...

    What it means for many of us living and working in China is that any firm doing business in China and hiring foreigners are not very much encouraged not to do so anymore.

    ... if anyone (Chinese or foreigner) did not see this, they are fooling themselves ...

    The Chinese government cannot regulate how much anyone is paid (well, they ACTUALLY can, but if they do so, they might stop corruption and crimes, as well as control the over-priced housing etc, and most of those idle or useless government bodies etc will be unemployed), whether native Chinese (those who dont eat dogs - tanning salon Yuki defined that before), foreign Chinese (those who do) or foreigners ... therefore, by doing so, they "hope" to discourage enterprises from employing foreigners, but they forgot that many of these foreigners were once Chinese locals, so I think such action could also discourage them from "giving back to their motherland", eventually discouraging people from overseas study or migration ...

  • 随便叫兽
    随便叫兽 wrote:

    Who else is on troll-feeding duty this morning?

    @Dung Lily:

    taxation without representation

    Are the Chinese people adequately represented? Did they hold a fucking referendum about this taxation shit and fail to invite us? No? Then why are you emphasizing the lack of political representation in regards to foreigners?

    Did you even read about this law? Accidental? Please. (Right on 叔叔!!)

    [citation needed]

    Not that reading the law would provide even the slightest amount of insight into the motivations of the legislators who wrote it, but no, I haven't fucking bothered to read about it, because even though my salary is on the low end compared to other expats, I still enjoy significant advantages over the locals.

    As it is, I don't feel as though I and my ilk pay enough in taxes. Am I concerned that my contributions will line the pockets of a corrupt official? Yeah. I'd prefer that the money I'll never ever collect ends up subsidizing that of the Average Zhou who actually needs it, but I suspect it won't. I also suspect that I won't collect the same Social Security benefits as baby boomers.

    But am I going to complain cuntishly that foreigners are being singled out by being included in China's shitty welfare scheme? Nope.

    you think unfair, unjustified taxes are okay?

    Taxes are never fair, but they are always justified. I'm frightfully well-behaved for an anarchist.

    Self-employed foreigners here are getting fucked ATM twice over, since they have to make both employer and employee contribution.

    There's no such thing as a legally self-employed foreigner in China, but ZOMG! DOUBLE TAXATION! That's not exactly unprecedented. Chinese girls dropping references to "ass-to-mouth," though? That's unprecedented. Do you know Cassandra or Persephone?

    If taxation without representation makes me a butt-hurting amerifat teabagger, come make my ass bleed some more.

    Don't take advantage of my charitable nature.

  • 叮噹叔叔 (令狐叮噹)

    ...

    (continued) ...

    Taxes are fair as well as justified ...

    Not if you are referring to China's tax laws ... hahahahaha ... and not exactly "inhibit", but (like I said before) discourage smaller companies from hiring foreigners ...

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