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Chinese authorities have recovered more than 160 billion yuan ($24 billion) in unpaid taxes related to foreign trusts from its wealthiest citizens, Bloomberg reports. These revenues ensured an increase in national income tax revenues by almost 90% in October. The current campaign to control the foreign assets of rich people has become the largest in recent decades and aims to replenish the state treasury.

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Chinese authorities have recovered more than 160 billion yuan ($24 billion) in unpaid taxes related to foreign trusts from its wealthiest citizens, Bloomberg reports. These revenues ensured an increase in national income tax revenues by almost 90% in October. The current campaign to control the foreign assets of rich people has become the largest in recent decades and aims to replenish the state treasury.

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