China cracks down against tax evaders

Shanghai, September 21:

China’s government has ordered a crackdown on alleged personal income tax evasion by entertainers, athletes and executives in highly profitable industries. An announcement on the State Administration of Taxation’s Web site said stepped-up checks on high-income earners were part of a new push to make tax collection more systematic and comprehensive. Foreign entertainers who perform in China are also targets, along with private investors, those working for multinational and foreign-invested companies and in fields including finance, insurance, securities, tobacco, petrochemical and civil aviation. “Select a certain number of people from among those who have more potential impact on tax collection and carry out rolling audits.”