China To Shift Anti-Crime Focus To Tax Evasion
by Mary Swire, Tax-News.com, Hong Kong
19 December 2001
According to the President of the Supreme People's Court, Xiao Yang, Beijing will shift the focus of its anti-crime campaign from organised crime to economic crime in 2002.
Speaking at a national conference of provincial high court presidents on Monday, Mr Xiao outlined the purpose of the 'strike-hard' campaign, explaining that it is necessary to ensure the protection of China's social and economic development under the sheltering wing of the World Trade Organisation, of which the country is a new member.
The Chief Justice urged his colleagues to become more effective and involved in their judicial work in order to meet the needs of increasing reform and globalisation, and explained that the campaign would focus on smuggling, tax fraud, tax evasion and money laundering, although cracking down on piracy and counterfeit consumer products will also be a priority.
Mr Xiao also announced that a crackdown on corporate as well as tax evasion is in the pipeline for next year, and argued that corrupt officials who have taken advantage of restructurings or public listings to line their own pockets should be severely punished.
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »