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3Novices:New rules in China lay trap for tax cheats at home and abroad

Beijing has ordered an overhaul of financial accounts to crack down on tax cheats at home and abroad.
From July 1, all deposit-taking institutions, policy banks, investment agencies and insurers must ensure each new account has detailed information for tax assessments, including names, addresses, account balances and revenue flows.
According to regulations released on Friday by a raft of agencies including the Ministry of Finance, the State Administration of Taxation and the central bank, the…
May 20, 2017 at 06:30PM http://ift.tt/2qEK4bm
#3Novices #News #OnlineMedia #China 3Novices China

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