Reported 12 months ago
The Ministry of Finance announced the list of tax delinquents today, with many familiar names making the list and a total of 915 cases totaling over 89.5 billion yuan. Due to exemptions for overdue taxes, 16 cases totaling 31.97 billion yuan cannot be recovered. The top offender was Huan Ya Hotel owing 2.18 billion yuan, while the individual owing the most was the late stock market figure Huang Renzhong with over 1.935 billion yuan unpaid. The Ministry of Finance explained the decrease in new cases this year is due to some cases being cancelled after 15 years of pending collection, with 16 cases amounting to 31.97 billion yuan irrecoverable.
Source: YAHOO