Ｗｉｌｌ Ｔａｘ Ｃｕｔｓ ｆｏｒ ｔｈｅ Ｗｅａｌｔｈｙ Ｋｅｅｐ Ｔｈｅｍ ｉｎ Ｃｈｉｎａ？

In March, Zhang Yin, the richest Chinesemainlander in 2006 whose assets were esti-mated at 27 billion yuan ($3.4 billion) then,proposed to cut the individual income tax rotefor the country's wealthy. Her reason is thatChina's high tax burden has spooked manyrich people and tax cuts would encourage high-income professionals to stay in the country.