CHINA TOPIX

12/23/2024 04:30:36 am

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China Tax Evasion

China Pollution

Chinese Cabinet Proposes Higher Tax Rate for Companies Responsible for Pollution

The Chinese government is drafting a national law that will impose higher taxes on business establishments that contribute the most amount of pollution in the country.

China Joins US Offshore Tax Evasion Treaty

China now has better mechanism in fighting tax evasion abroad as it officially joins the US treaty on sharing bank account information - the US Foreign Account Tax Compliance Act (FATCA) - which took effect on 1 July.

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