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Shanghai Tax Officials Target Hong Kong MPF | Hong Kong News
Shanghai tax officials have turned their attention to Hong Kong's Mandatory Provident Fund (MPF), questioning whether it could be classified as an offshore trust. This development comes amid China's crackdown on tax avoidance, increasingly targeting high-net-worth individuals and even journalists in Hong Kong. A reporter received a prompt from the Beijing tax service to declare holdings in potential offshore trusts, raising concerns about the MPF's implications for taxpayers. The growing www.TheDailyNewsNow.com This is an automated, high-level news summary based on public reporting and…
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