Chinese Authorities Investigating Tax Evasion Among High Earners

Lock
This article is for subscribers only.

Chinese tax authorities are investigating individuals who concealed their high incomes and failed to pay taxes.

The State Taxation Administration vowed to implement a guideline on taxation reforms issued by the State Council in March, which said China will strengthen tax supervision on high-income and high net-worth individuals, it saidBloomberg Terminal in a statement posted on WeChat Thursday.