Controlling shareholder of Guangzhou company threatens to move factory to cut 100 million RMB tax bill to 5 million RMB - Chronicle

Bloomberg reported that after the controlling shareholder of a company in Guangzhou received a tax bill of 100 million RMB, they threatened to move the enterprise to Shanghai, eventually convincing local officials to reduce the tax amount to 5 million RMB; the report did not disclose the name of the enterprise or the basis for the adjustment.

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李老师不是你老师

2026-09-28 15:31 · 9月28日彭博社报道，中国税务部门组建特别小组追踪富豪征税，部分小组专门针对一名亿万富翁，有富豪以迁厂威胁将亿元税单砍至500万元。

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Chinese tax authorities form special task forces to track taxation of wealthy individuals Caused · 2026.09.28 · Reported

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China's Ministry of Finance and State Taxation Administration Require 20% Tax on Offshore Trust Income Caused · 2026.07.24 · Official claim

This event Controlling shareholder of Guangzhou company threatens to move factory to cut 100 million RMB tax bill to 5 million RMB 2026.09.28 · Reported

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Sayings · 2026-09-28 15:20 On September 28, Bloomberg reported that Chinese tax authorities have formed special task forces to track and tax wealthy individuals. Some task forces specifically target a single billionaire, while some wealthy individuals have threatened to move their factories to reduce tax bills from hundreds of millions of yuan to 5 million yuan.

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