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I read a little article over on Domain Gang. Pretty interesting. Thought I would share.
New six percent tax in China : Domains are now “intangible assets”
On July 1st, China introduced a 6% tax levy on domain names, and this is good news.
Some might wonder, how would an act of “Communist Capitalism” such as this be “good news” for the Chinese domain investors?
Very simple....
You can read the rest of the article here: http://domaingang.com/domain-news/new-six-percent-tax-in-china-domains-are-now-intangible-assets/
New six percent tax in China : Domains are now “intangible assets”
On July 1st, China introduced a 6% tax levy on domain names, and this is good news.
Some might wonder, how would an act of “Communist Capitalism” such as this be “good news” for the Chinese domain investors?
Very simple....
You can read the rest of the article here: http://domaingang.com/domain-news/new-six-percent-tax-in-china-domains-are-now-intangible-assets/