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China enforces tax law for citizens abroad
Citizens and companies must pay taxes on their entire worldwide incomes, not just on what they earn in China
NEW SOURCE OF REVENUE: With overseas investments by Chinese individuals and companies surging, national tax officials are looking for ways to collect on that trend.
PHOTO: BLOOMBERG
Hong Kong
AS Chinese individuals and companies head overseas in greater numbers, the country's tax authorities are starting to follow.
The Beijing billionaires who set up cryptically named companies in the British Virgin Islands to hold their fortunes are in the cross hairs. So are...
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