Source: China – South China Morning PostLocal Chinese authorities have stepped up efforts to collect taxes from citizens with unreported overseas income, urging them to remain compliant as the country refines its taxation system and local governments seek to broaden revenue streams.
At least six tax authorities – including city-level administrations in Shenzhen, Beijing and Xiamen, along with provincial-level bureaus in Guangdong, Fujian and Sichuan – said they had used big data analysis to identify individuals who failed to report…Read More