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Latest news on October 15, 2024: Wealthy Chinese are facing a new tax on overseas investment gains, with potential levies up to 20%. This initiative supports President Xi’s campaign for wealth equality and is part of efforts to enhance government revenue as economic growth slows.
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Oct 15, 2024 7:59 AM IST
Business News LIVE Updates : China moves to tax the ultra-rich for overseas investment gains
- China is enforcing a tax on overseas investment gains for the ultra-rich, targeting individuals with significant offshore assets.