China gained 104.8 billion yuan (HK$133.9 billion) of additional tax revenue by using third-party information to combat tax evasion last year. Photo: Bloomberg

Tax collectors exchange data to close loopholes

Mainland tax authorities use third-party information to boost tax revenues as global exchange standard set to come into force next year

China gained 104.8 billion yuan (HK$133.9 billion) of additional tax revenue by using third-party information to combat tax evasion last year. Photo: Bloomberg
READ FULL ARTICLE