chinese corrupt actors are FUCKED.
Chinese Tax Authorities Join Hunt for $21 Trillion in Overseas Assets
http://investinginchinesestocks.blogspot.com/2018/09/chinese-tax-authorities-join-hunt-for.html
"The top story in the finance section on Tuesday morning is about the Chinese government's hunt for hidden assets (and unpaid taxes) overseas. The article mentions Australia and New Zealand freezing accounts from customers who don't identify if they are foreign taxpayers. It goes on to say many of the frozen accounts belong to Chinese residents, warns that more account freezes are coming and that in September, the Australian and New Zealand governments will begin sharing information with China's tax department."
" "The poor cut meat and pay taxes, and the rich have tax avoidance" has long been criticized. However, from now on, the tax haven that hides the wealth of the rich may no longer exist.
Since this month, China has exchanged CRS (Overseas Financial Accounts Common Declaring Guidelines) information with other countries for the first time. The Chinese tax authorities will grasp the personal overseas income. Once they are listed as high-risk taxpayers, they face a huge review of the source of funds. It is also necessary to pay a large amount of personal income tax.
In addition, the revised personal income tax law for the first time to establish anti-tax avoidance provisions will give the Chinese tax authorities a strong legal basis. In short, China’s crackdown on the international tax haven is officially open, and the invisible rich will have nowhere to go.
A large number of Chinese accounts in Australia and New Zealand have been sealed.
As early as more than a month ago, foreign media released major news. New Zealand and Australia's major commercial banks froze thousands of accounts and asked whether the account holders belonged to foreign taxpayers, including a large number of Chinese residents."
Reminding anons that mao likely had a handler (indirect).