Pharmaceutical and 'high risk' industries targeted in China’s crackdown on tax evasion

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Pharmaceutical and 'high risk' industries targeted in China’s crackdown on tax evasion

November 05 2014
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An October article in China’s government-run People’s Daily newspaper condemned multinational corporations for evading taxes. The article urged the government to prosecute those who moved money out of China through offshore structures and investments. Tax professionals say the article is a telling sign of China’s crusade to retain its fair share of tax income.

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