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Taxation & Estate Planning

: TaxProf Blog

China's Rich Have $1.5 Trillion in Hidden Income

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The Straits Times, China's Rich Have $1.5 Trillion in Hidden Income: China's households hide as much as 9.3 trillion yuan ($1.5 trillion) of income that is not reported in official figures, with 80% accrued by the wealthiest people, a study showed. The money, much of it likely 'illegal or quasi-illegal,'...

Full post as published by TaxProf Blog on August 17, 2010 (boomark / ).

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