Regulator plans 'blacklist' to prevent corporate tax offenses

Evading corporate taxes could soon have serious repercussions in China, as authorities are contemplating a blacklist, reliant on the social credit system, that would among other things prevent offenders from purchasing train or flight tickets for a year.

Allaying fears that the measure would seek to impose stringent punishment for economic offenders, the State Administration of Taxation said it would be restricted to tax-related activities.

The system would be like the financial credit tracking system, with violators classified to a D level, suggesting a "not-so satisfactory" credit performance. Subsequently it will share the information with 20 other authorities and the offenders could face as much as 18 penalty measures.