# Common%20Prosperity
Latest news and articles about Common%20Prosperity
Total: 15 articles found
The Great Transparency: China’s Taxman Pierces the Offshore Trust Veil
China's tax authorities have launched a targeted campaign to tax assets held in offshore trusts, utilizing CRS data and AI to identify previously hidden income. This move effectively ends the use of offshore jurisdictions for tax evasion by Chinese elites, forcing a shift back to traditional wealth inheritance and risk management.
Battery King’s Bounty: CATL Founder’s $300 Million Donation Signals Shift in Chinese Tech Philanthropy
CATL founder Robin Zeng has donated 5 million shares of the world’s leading battery maker, worth roughly 2 billion RMB, to Shanghai Jiao Tong University. This move reinforces the strategic link between China’s green-tech pioneers and its top-tier research institutions, highlighting a new era of high-stakes academic philanthropy.
Taxing Times: China’s Quest to Rebalance Its Fiscal Architecture
China is renewing its decade-long push to increase the proportion of direct taxes as part of the 15th Five-Year Plan to foster a consumption-led economy. Despite the strategic necessity of reducing reliance on regressive indirect taxes like VAT, the transition faces significant hurdles due to fiscal dependence, administrative challenges, and a sensitive real estate market.