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China's Hunt for Unpaid Taxes Worth Hundreds of Billions of Dollars

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China's Hunt for Unpaid Taxes Worth Hundreds of Billions of Dollars
Foto: rbc.ru

Wichtigste Punkte

  • China's unpaid tax debt amounts to hundreds of billions of dollars
  • Audits can go back as far as 25 years
  • Offshore trusts and asset purchase income are being targeted

In Zahlen

hundreds of billions of dollars25 years

China has launched a series of audits to recover hundreds of billions of dollars in unpaid taxes. These audits, which can go back as far as 25 years, particularly target offshore trusts and income from various asset purchases.

These efforts are being made to combat tax evasion and corruption. China's move has the potential to have a significant impact on the global economy.

The results of the audits and the recovery of unpaid taxes will be important for both China's economy and global trade.

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Häufige Fragen

Why is China conducting these audits?
To combat tax evasion and corruption
What is the scope of the audits?
They can go back as far as 25 years, targeting offshore trusts and asset purchase income
What impact will these efforts have on the global economy?
They have the potential to have a significant impact on global trade and China's economy

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