Despite such regulations, not many people actually need to pay personal income tax.

The income of most workers does not even reach the tax threshold. Those who can pay personal income tax are either middle or senior managers in the government, enterprises or scientific research institutions, or farmers.

Wang Ze, on the other hand, earns SGD 50 a month and needs to pay taxes at a rate of %.

Although he is not short of money, he always feels a little distressed every time he pays taxes, and always feels that the tax rate is too high!

In the Republic of South China, taxes are divided into two types: corporate income tax and personal income tax.

Corporate income tax is mainly paid by companies engaged in commercial activities in South China, while large companies in South China pay taxes directly to the central government.

The profit distribution method of these large state-owned enterprises is: 50% is submitted to the central government, 20% belongs to the local government, 10% is delivered to research institutes, and the rest belongs to the enterprise itself.

At present, state-owned enterprises account for as much as 83% of Nanhua’s tax structure, becoming the absolute pillar of Nanhua’s fiscal revenue.

With the rapid development of South China's economy, many countries have expressed their views on it, especially the United States.

They have held talks with South China on many occasions, hoping that South China would open up its financial markets to promote economic cooperation between the two sides.

However, Nanhua is cautious about this request and currently maintains a closed market environment.

Today, the U.S. dollar cannot be freely convertible in South China, which makes the United States very dissatisfied.

After a large amount of US dollars entered Nanhua to purchase light steel and batteries, they were immediately used by the Nanhua government to purchase various materials and were not kept in the government's hands at all.

Although the US dollar has wide circulation around the world, it cannot stay for a moment in the huge market of South China.

In fact, the South China government once considered increasing its US dollar reserves to deal with possible economic problems.

However, this idea was eventually suppressed by Wang Ze.

He submitted a report on the US monetary situation this year to Wang Jixin, pointing out that the US money supply has continued to grow since 1961.

Although the US dollar remains relatively stable at present, Wang Ze said the situation will definitely continue to deteriorate.

"The United States is now fighting wars everywhere and is constantly acquiring resources from other countries. Where does their funding come from? Only by printing more money and investing it in the international market, with the whole world sharing the cost." Wang Ze told Wang Jixin bluntly.

In addition, he also predicted that the US dollar is likely to decouple from gold in the future.

Wang Ze believes that Nanhua should maintain its independence and avoid getting involved.

Therefore, he firmly opposed the proposal to increase US dollar reserves. After all, South China's own structure and its reliance on the mainland and ASEAN made the ties between South China and other major countries not very close.

In Wang Ze's view, when they successfully integrate the entire Southeast Asian region and build an internal economic circulation system in ASEAN dominated by South China.

Nanhua’s new currency has every chance of replacing the U.S. dollar as the world’s dominant currency.

Faced with repeated meeting requests from Carter, the US Ambassador to Xincheng, Wang Ze chose to refuse.

He believed that such a meeting had no practical significance, so he left the matter to Wang Jixin to handle.

After all, even if he met with Carter, it would not change the current situation of excessive issuance of US dollars, and Nanhua would definitely not pay for the United States.

As time goes by, the excessive issuance of US dollars will only become more serious.

This is exactly the strategy adopted by the United States: purchasing the companies and resources of other countries by printing a large amount of banknotes, but when it is found that too much banknotes have been printed and the gold reserves are insufficient, it will simply cheat and stop exchanging gold.

Only the United States can do this. Although Europe, Japan and South Korea are angry about this, they can only accept it helplessly.

According to common sense, the situation in this world should have improved because South China provided certain support to South Vietnam, including supplies and defensive equipment, and the prices were relatively low, and it did not make high profits. The US investment in the war in Vietnam should have been much less than it should have been in history.

But what puzzled Wang Ze was why the United States was still facing currency problems.

At this moment, Wang Shu walked into the room and reported to Wang Ze: "Chief, Wang Chun is here."

"Oh? Let her in." Wang Ze raised his head and responded.

Then, Wang Chun walked in with a smile and greeted softly, "Chief."

Wang Ze pointed at the sofa and said with a smile: "Sit down, how come you have time to come here today?"

Hearing this, Wang Chun hurriedly walked to the sofa and sat down, then blinked and said, "I've been too busy lately, so I came to visit you as soon as I had some free time!"

Hearing this, Wang Ze looked at her seriously and asked, "Oh? Are you done? Is everything OK at the TV station?"

Wang Chun looked at his deliberately stern face, but she was not afraid at all. After all, the two had known each other for more than ten years, and she already knew Wang Ze's character very well.

So she replied with a smile: "Well, the education channel and the military channel have been sorted out. They are now handed over to the Ministry of Education and the military respectively, so I can finally have some free time."

Prior to this, these affairs were managed personally by Wang Chun.

The daily program arrangements need to be communicated and coordinated with the Ministry of Education and the military, especially the Education Channel. Most of the programs on it are scientific and knowledge-oriented columns, such as science, literature, etc. Even TV dramas are specially filmed stories from the Warring States Period to show the historical features of the Hundred Schools of Thought.

However, due to its high professionalism, the ratings of the educational channel have always been less than ideal.

However, this cannot be blamed on Wang Chun. After all, the Education Channel is directly under the jurisdiction of the Ministry of Education, and its program positioning is mainly educational, focusing on the dissemination of knowledge and the inheritance of culture.

Although Wang Chun proposed to increase entertainment, the Ministry of Education did not adopt it.

In the eyes of the leaders of the Ministry of Education, letting them produce programs is because they attach importance to their educational significance. If the entertainment value is enhanced, then how is it different from New Town TV?

Therefore, the Ministry of Education has no plans to change even if the ratings are lower.

In contrast, the situation with military channels is completely different.

Although the channel's content mainly deals with military aspects, its ratings far exceed those of educational channels.

Many people showed great interest in various military equipment, personnel training and war TV dramas.

Audiences just like the professionalism of military channels.

Currently, the military channel is broadcasting a TV series that tells the story of the three wars in the early days of the founding of the new city.

These plots were filmed like a thriller, showing the invincibility of our army and making the enemy miserable.

In fact, the military filmed the film based on real situations and did not exaggerate the facts.

The benefits brought by the military channel are gradually becoming apparent, with the number of people joining the military increasing in various regions.

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