The Chinese regime has intensified scrutiny on Chinese citizens’ overseas income and assets amid a shortfall in revenue due to the sluggish economy.
The regime’s expanded taxation indicates that the institutional advantages of globalization no longer exist, and Chinese employees overseas will now face tough choices, according to analysts.
It’s revealed by social media posts in recent days, Chinese companies such as ByteDance, the Chinese parent company of TikTok, have sent messages to their employees, including former employees, who had worked in other countries to report their overseas income to Chinese tax authorities as the tax season approaches in mainland China….
Chinese Regime Heightens Scrutiny on Residents’ Overseas Income Amid Worsening Economy
