Beijing wants a fairer tax system to help reach its goal of “common prosperity”. Photo: Getty Images
China’s tax evaders to be ‘severely punished’ as Beijing pushes for ‘common prosperity’
- Authorities will carry out more spot inspections and give greater exposure to tax crimes to help compliance
- China’s small firms, individually-owned businesses and manufacturers are also in line for tax cuts in 2022
Topic |
Financial regulation
Beijing wants a fairer tax system to help reach its goal of “common prosperity”. Photo: Getty Images
