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Shanghai Daily News Digest

NPC deputy proposes 'expatriation' tax on migrating wealthy   2022-03-09

 

 

Some rich Chinese people who have moved out of China are evading their tax obligations to the country while continuing to make money at home, according to Chen Jingying, a deputy to the 13th National People's Congress from Shanghai.

She was speaking during the fifth session of the ongoing annual Two Sessions being held in Beijing and cited loopholes in tax regulations for this group of people.

Chen is a member of the central committee of the Chinese Peasants and Workers Democratic Party, a non-Communist party in China, and a counselor of the Shanghai government. She was formerly vice president of East China University of Political Science and Law.

 


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