Business · Economy · 20 hrs ago

China tax officials contact journalists about offshore trusts

China tax officials contact journalists about offshore trusts

China is stepping up efforts to tackle tax avoidance, including targeting income held by wealthy families in offshore trusts.

Several journalists say tax officials have contacted them in recent weeks.

One colleague in Beijing received a text from the city’s tax service.

It gave a “warm reminder” to declare any holdings in offshore trusts.

The campaign had been presented as focused on the super-rich, so the contacts have raised questions about how widely officials are checking.

The account does not say what happened after the text or whether any journalists were found to owe tax.

Sources

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