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Chinese bankers in Hong Kong feel the sting of a tripling tax bill as China’s tax authority collects tariffs on citizens’ global income

Chinese bankers in Hong Kong feel the sting of a tripling tax bill as China’s tax authority collects tariffs on citizens’ global income

China’s tax authority last week moved to tax the global income of Chinese citizens worldwide. That leaves Chinese professionals living in Hong Kong facing tax rate of as much as 45 per cent, compared with the previous 15 per cent
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