Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
China asks rich people, companies to pay more taxes: Report
short by Pragya Swastik / on Monday, 4 November, 2024
Chinese authorities are demanding more taxes from wealthy individuals and companies and asking them to "double-check" their tax liabilities and clear payments. They've asked to keep the evidence for inspection in case there was no liability. The move comes as local governments find ways to ramp up revenue to refill coffers depleted by a property slump, The Financial Times reported.
read more at Moneycontrol