China and Hong Kong said recently they are adopting the Common Reporting Standard, in which the tax authorities can collect resident and non-residents’ financial information. Photo: EPA
Jane Li
Opinion

Opinion

Across The Border by Jane Li

Is the new financial information swapping scheme a ticking bomb for China’s richest?

The internationally accepted Common Reporting Standard is to be adopted in China and Hong Kong by 2018

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China and Hong Kong said recently they are adopting the Common Reporting Standard, in which the tax authorities can collect resident and non-residents’ financial information. Photo: EPA
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