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How will international investors react to China's tax enforcement by end of 2024?
1
Resolution / Starting Odds
Increase investments in China • 25%
Decrease investments in China • 25%
No change in investment levels • 25%
Uncertain • 25%
Surveys or reports from international investment firms or credible financial news outlets
Story
China Enforces 20% Tax on Ultra-Rich's Overseas Gains Amid 'Common Prosperity' Push
Oct 15, 2024, 02:35 AM
China has begun enforcing a previously overlooked tax of up to 20% on overseas investment gains by the country's ultra-rich, according to people familiar with the matter. Wealthy individuals, including those with at least $10 million in offshore assets and shareholders of companies listed in Hong Kong and the United States, are being summoned by tax authorities to assess payments. The move reflects the government's growing urgency to expand its revenue sources amid slowing economic growth and tumbling land sales. The initiative is also part of President Xi Jinping's 'common prosperity' campaign aimed at reducing wealth disparities.
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Similar markets
Significant tax cuts • 25%
Moderate tax cuts • 25%
No significant changes • 25%
Tax increases • 25%
Other countries adopt similar policies • 25%
Criticism from international bodies • 25%
No significant international reaction • 25%
Increase in cross-border crypto regulations • 25%
Diplomatic Protest • 25%
Retaliatory Measures • 25%
No Official Reaction • 25%
Other • 25%
Increase domestic investments • 25%
Seek tax havens • 25%
Lobby for policy change • 25%
No significant change • 25%
Significant decline • 25%
Moderate decline • 25%
No change • 25%
Increase in activity • 25%
Stricter capital controls • 25%
Increased monitoring • 25%
Higher penalties • 25%
No additional measures • 25%
Support • 33%
Oppose • 33%
Neutral • 33%
Positive impact • 25%
Neutral impact • 25%
Negative impact • 25%
Mixed impact • 25%
Yes • 50%
No • 50%
