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BEIJING TAX CRACKDOWN
Global Market: China's wealthy rush to unwind offshore trusts as tax deadline loomsChina’s wealthy individuals are restructuring offshore trusts, selling investments and reassessing residency amid a new 20% tax on overseas...- China lowers flag, tightens security for funeral of economic reformer Zhu RongjiChina cremated former Premier Zhu Rongji, a key economic reformer. President Xi Jinping and other leaders attended the ceremony in Beijing....
- Global Market: Prudential shares tumble as China offshore insurance tax report rattles investorsShares of Prudential plunged after reports that Chinese tax authorities had begun collecting personal income tax on returns from offshore i...
- 'Harvard a JOKE, should not be considered on any list of...': Trump says varsity hiring all 'woke' teaching staffAfter freezing $2.2 billion funds for the Harvard University and threatening to strip the varsity of its tax-exempt status, US President Do...
- Tech rally helps Hong Kong lead Asian markets higherThe Hang Seng Index's gains extended an impressive start to the year, with the emergence of a new chatbot from Chinese startup DeepSeek sto...
- Hong Kong cuts taxes for foreign home buyers and stock traders as it seeks to maintain global statusHong Kong's Chief Executive, John Lee, announced tax cuts for homebuyers and stock traders in an effort to boost the city's markets and mai...
- China rattles foreign firms again with arrests, Foxconn probeOver the weekend, state media said that regulators are conducting tax audits and reviewing land use by Foxconn, the Taiwanese company that ...
- Xi Jinping says China will seek to lift birth rate in face of ageing populationAlthough China has 1.4 billion people, the most in the world, its births are set to fall to record lows this year, demographers say, droppi...
- Espionage, profiling and economic control mark Chinese commercial companiesA disturbing picture of Chinese Commercial Entities (CCE) has emerged after a series of actions by Indian authorities since 2020—busting of...
- China says celebrities have 10 days to cough up unpaid taxesTax bureaus in several entertainment hubs across the country -- including Beijing, Shanghai, and the provinces of Guangdong, Zhejiang and J...
- Chinese tech’s brief revival is already showing signs of fatigueThe rally in the Hang Seng Tech Index, which tracks Chinese tech stocks listed in Hong Kong, fizzled out toward the end of this week amid h...
- The world’s billionaire factory shudders as China cracks downBeijing’s motivations for the crackdown are varied. These include concerns about anti-competitive behaviour in the tech industry, risks to ...
- China stocks end higher; consumer, real estate shares lend supportShanghai Composite Index rose 0.5 per cent to 3,091.19.
- Demonetisation move 'bold' but far from enough: Chinese mediaModi in "a startling and sudden move" demonetised Rs 500 and Rs 1,000 currency notes to "demonstrate that he is truly up for a fiercer figh...
- China limits coverage and denounces Panama Papers' tax haven revelationsSearches for "Panama Papers" in Chinese bring up a warning that the results "may not accord with relevant laws and rules so can't be shown".
- China drafting rules for new tax on forex dealsThe initial rate of the socalled Tobin tax may be kept at zero to allow authorities time to refine the rules, said the people, who asked no...
- China's 2015 fiscal revenue growth plunges, slowest since 1988China today said its fiscal revenue growth plunged to 5.8 per cent last year from 8.6 per cent in 2014, the slowest pace since 1988.
- In China, people criticise govt for targeting prostitutesBeijing’s crackdown on prostitution is ridiculed as people go online slamming the official hypocrisy behind raids that target working women.
- China govt misused billions of dollars: auditChinese govt departments embezzled, misused or mismanaged billions of dollars last year, the nation's auditor said in an annual report that...
- Chinese finance minister resignsGovernment officials said on Thursday that Finance Minister Jin Renqing resigned for "personal reasons," amid concerns of surging inflation...
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