Auditor says Bank of China evaded 2BN RMB in taxes
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China’s top auditor has accused one of the country’s biggest state-owned banks of exploiting investment fund structures to evade billions of RMB in taxes, reports the South China Morning Post. This comes as Beijing steps up efforts to strengthen financial compliance. Bank of China evaded RMB 2.37 billion yuan ($348 million) in taxes by misusing preferential treatment […]
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