Published

China starts taxing overseas investment income of wealthy individuals, with tax rate likely to be as high as 20%

Summary by Radio Free Asia
Bloomberg reported that China has begun to impose taxes on the overseas investment income of local super-rich people, and the tax rate may be as high as 20%. The report said that in recent months, wealthy people in many major cities in China have been asked to conduct self-assessments or have been interviewed by tax authorities to assess potential taxes payable, including those in arrears in the past few years.
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources lean Left
100% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Similar News Topics

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.