China intensifies cross-border tax scrutiny as Beijing warns against offshore dodging

Two Chinese state media outlets warned on Monday against offshore tax evasion by calling out an incident involving a major social media platform and its Hong Kong entity, sending a message that Beijing is intensifying its scrutiny of cross-border corporate structures.
The China Securities Journal, which is affiliated with Xinhua, and the Financial News, which is supervised by China’s central bank, revealed the enforcement action, highlighting a broader regulatory tightening over the way mainland...