Asian taxes on foreign investments
Taxes in the Asian region of the world are just like taxes in any other country: they are highly debated inside the legislature branch of the parliament and have strong financial consequences on the overall population. Most popular ones include the income tax which is mandatory for every working citizen, the carbon tax (which is like the electricity tax in Europe) and the fuel tax.
But the most highly debated tax in the Asian region is the one applied to foreign businesses. Over the years, in both India and China, there have been debates over how much these taxes should value. Some say that they should be low in order to allow foreign investment that will enrich the economic environment, while other argue that high taxes will keep the local culture intact. Foreign investments can be good because it creates new working places for people, but governments have to be careful when imposing the tax. If a new business doesn't want to employ the local work force, this aspect can have severe consequences on the country's economy.
Asia is one of the few regions of the world (along with Africa and the Middle East) that is very sensitive to foreign investments because it has a cheap labor force. Western companies find it more affordable and profitable to establish offices and factories in Asian countries because the taxes are low and they have to pay small wages. For example, big pharmaceutical companies have started to appear in India and they are producing generic medications and generic Viagra which are sold cheap on the internet. An online pharmacy is selling Viagra online that is made in Asian countries, in standard conditions and with no international patent. People who want to buy Viagra should know that when they are buying the generic version they are encouraging local Asian economies.
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