China amenință cu pedepse „severe” evazioniștii fiscali

China has announced strict penalties for tax evaders following a deadline for wealthy citizens to declare offshore holdings and pay a 20% tax. This move has led to a significant increase in income tax revenues, with over 120 billion renminbi collected in October alone. Authorities have emphasized cooperation from taxpayers but warned of severe consequences for those who fail to comply or submit false declarations. The tax reform aligns China's fiscal system more closely with those of the US and Europe, addressing increased fiscal pressures since the real estate crisis. The offshore trust taxation campaign has disrupted the wealth management industry targeting affluent Chinese individuals.