China Moves To Tax The Ultra-rich For Overseas Investment Gains
Edited By WION Video Desk
Published: Oct 15, 2024, 05:45 IST | Updated: Oct 15, 2024, 05:45 IST
A bloomberg report quoting sources showed that china has started a tax on the ultra-wealthy's profits from overseas investments, a policy that had been neglected for a long time. The sources said some wealthy individuals were told in recent months to conduct self-assessments. In some cases, they were summoned by tax authorities for meetings to evaluate potential payments, including those in arrears from past years. Watch in for more details!
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