From 1 January, contraceptives will be subject to a 13% VAT rate – part of a carrot-and-stick approach by the government to increase births
China is set to impose a value-added tax (VAT) on condoms and other contraceptives for the first time in three decades, as the country tries to boost its birthrate and modernise its tax laws.
From 1 January, condoms and contraceptives will be subject to a 13% VAT rate – a tax from which the goods have been exempt since China introduced nationwide VAT in 1993.
The measure was buried in a VAT law passed in 2024 in an effort to modernise China’s tax regime. VAT accounts for nearly 40% of China’s total tax revenue.
$200k isn’t sufficiently rich:
Do people you know just not like their kids? Parents generally really like their offspring.
There’s definitely some biology involved. For example, women can forget the pain of childbirth.
Interesting. I looks like it starts going up around the 1% threshold again. This is the level where kids are not a chore anymore. People have nannies to take care of the kids when they wake up at night, change diapers, feed them, drive them to school and so on. Maybe you’re right. When you hit a level of income that lets you have kids and live your life at the same time people will opt for more kids. You know what? You convinced me. We should aim for making everyone a millionaire. I have no idea if it’s economically feasible or how would it work but it’s a nice goal to have.
Of course they like their kids but kids are also a major pain in the ass. They are always happy when they can leave kids with grandparents or at childcare. I know a couple where the mother doesn’t work and they still leave the kid at childcare. Even during holidays when both of them don’t work they still take the kid to childcare. I guess they all aim for the 1% experience of only spending quality time with kids, not having them around all the time.