China’s tax evaders to be ‘severely punished’ as Beijing pushes for ‘common prosperity’

Source: China – South China Morning PostChina has vowed to pull no punches when it comes to cracking down on tax evasion in 2022, as Beijing pushes for more equal distribution of wealth under its “common prosperity” policy, while pledging more tax cuts to stabilise economic growth.Authorities will carry out more spot inspections and give greater exposure to tax crimes to enhance compliance, the State Taxation Administration said at its annual conference.“We will severely punish all kinds of tax evasion and show no forgiveness,” said…Read More

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