Reported 8 months ago
In recent times, various regions in mainland China have been experiencing frequent irregularities in tax collection, with a Hubei-listed company recently announcing the need to pay taxes from 30 years ago. More than 20 provinces have established 'Tax Police Joint Operation Centers' to combat tax-related criminal activities, reflecting financial difficulties in local governments and causing concerns for enterprises about potential further tax crackdowns. This situation is attributed to the dwindling finances of local governments due to decreased land sale revenues, leading to stringent tax enforcement measures and market anxieties.
Source: YAHOO