By Sam Willie
The New York Times reports on an attempt by Chinese tax authorities to more strictly enforce taxes
on Chinese citizens who earn income abroad. Since 1993, Chinese citizens and companies have been required to pay
domestic taxes on the entirety of their income, regardless of where it is
earned. In reality, reporting of income earned abroad is infrequent and tax
avoidance common. Going forward, it is predicted that China will pursue high
profile enforcement actions against those engaging in international tax
avoidance on income earned abroad as a means of sending a message to wealthy
individuals and corporations alike.
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