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Regulator plans 'blacklist' to prevent corporate tax offenses

By Wang Yanfei and Liu Yukun | China Daily | Updated: 2018-08-10 07:25

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.

Regulator plans 'blacklist' to prevent corporate tax offenses

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