Pedestrians in face masks are seen crossing the road in Central Business District. Unofficial estimates put the number of Chinese workers and residents in Hong Kong at 80,000 to 150,000. Photo: Winson WongPedestrians in face masks are seen crossing the road in Central Business District. Unofficial estimates put the number of Chinese workers and residents in Hong Kong at 80,000 to 150,000. Photo: Winson Wong
Pedestrians in face masks are seen crossing the road in Central Business District. Unofficial estimates put the number of Chinese workers and residents in Hong Kong at 80,000 to 150,000. Photo: Winson Wong

China extends tax dragnet to worldwide income, with state employees in Hong Kong first to feel the pinch

  • Mainland SOE employees based in Hong Kong get directive to declare their 2019 incomes, pay up to mainland tax rates
  • Beijing intends to apply the full force of its tax laws that were previously neglected in practice, Deloitte China says
Topic |   State-owned enterprises
Pedestrians in face masks are seen crossing the road in Central Business District. Unofficial estimates put the number of Chinese workers and residents in Hong Kong at 80,000 to 150,000. Photo: Winson WongPedestrians in face masks are seen crossing the road in Central Business District. Unofficial estimates put the number of Chinese workers and residents in Hong Kong at 80,000 to 150,000. Photo: Winson Wong
Pedestrians in face masks are seen crossing the road in Central Business District. Unofficial estimates put the number of Chinese workers and residents in Hong Kong at 80,000 to 150,000. Photo: Winson Wong
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