chinas super-rich, foreign assets, taxing the rich

China’s Wealthy Hunted by Tax Authorities From Beijing

China’s wealthy individuals are apparently on edge since Beijing started ramping up its drive to identify tax dodgers. Until now, the rich could transfer their wealth overseas and avoid paying taxes. But with China joining the Common Reporting Standard (CRS) last year, escaping the taxman will be tough. China’s wealthy are afraid of CRS “After ...

Nspirement Staff

Two wealthy Chinese women shopping.

Alibaba Group’s Founder Reveals the Secret to Working With the CCP

Ma Yun, founder of the Alibaba Group, the world’s largest e-commerce platform with an annual revenue of over US$36 million, announced his plan to officially step down and leave the Ali Group in September 2018. Two months later, his membership in the Chinese Communist Party was revealed when his name appeared on a list of ...

Nspirement Staff