The top story in the finance section in China on Tuesday morning is about the Chinese government's hunt for hidden assets (and unpaid taxes) overseas.The article mentions Australia and New Zealand freezing accounts from customers who don't identify if they are foreign taxpayers. It goes on to say many of the frozen accounts belong to Chinese residents, warns that more account freezes are coming and that in September, the Australian and New Zealand governments will begin sharing information with China's tax department.
No place to hide, except maybe bitcoin done right.
Taxes are complicated, have high transaction costs. My method often works for some, go on anonymous swapnet for a few years, then negotiates a lump sum payment for back taxes. One has to be a functional libertarian to work this method.
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