US EditionChina Intensifies 20 Percent Tax Enforcement On Overseas Investments
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China Intensifies 20 Percent Tax Enforcement On Overseas Investments
BEIJING – China has moved to strengthen its oversight of taxes on profits earned from overseas investments, applying a 20% tax on income from offshore trading. This more assertive approach aims at both high-net-worth and middle-income investors, as Beijing looks for new sources of revenue. The country continues to face economic headwinds, with a prolonged property […] The post China Intensifies 20 Percent Tax Enforcement on Overseas Investments …
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