Demanded 1 billion, Real estate tycoon Pan Shiyi escaped! Bankrupt, the CCP targets overseas assets

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Hello, this is China Deep Dive. We have all the information you need to know about China at present. Today's topic is:
This stems from the "Announcement on Relevant Matters Concerning Individual Income Tax on Offshore Trusts" issued by the Ministry of Finance and the State Administration of Taxation on July 24. On August 5th, the Financial Times reported that Beijing had launched a global tax-hunting campaign against the super-rich, seeking to recover hundreds of billions of dollars in unpaid taxes accumulated over the past decades. If you happen to know any wealthy individuals in China, please tell them to run, to flee China as quickly as possible. The CCP's crackdown on the wealthy has only just begun. In this episode, we will focus on this topic.


Demanded 1 billion, Real estate tycoon Pan Shiyi escaped! Bankrupt, the CCP targets overseas assets
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