The Chinese Tax Noose Is Tightening As the rush to try and save its economy via stimulus continues, China is simultaneously looking to shake down its citizens for unpaid taxes. Chinese authorities are urging wealthy individuals and corporations to conduct “self-inspections” to ensure all taxes are paid, as the country seeks to boost revenue, according to an FT report out this week. This push for compliance may further impact investor confidence in China’s economy, the world’s second largest. Beijing is set to announce a major fiscal stimulus aimed at stabilizing local government finances, which have been strained by debt and delayed payments,… — Continue at ZeroHedge News : Read More
