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
Opinion
Opinion
Across The Border
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
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