Taxing global income relies on intergovernmental agreements to facilitate compliance between countries. Photo: Reuters
How China’s ambitious plan to tax global income faces opposition in US, Hong Kong and even Beijing
- Individuals spending over half of each year in mainland could have worldwide income taxed under new law – but exemptions are being sought
- US refusal to sign up for international information exchange prevents China obtaining information about taxable assets
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Taxing global income relies on intergovernmental agreements to facilitate compliance between countries. Photo: Reuters
