When was the high net worth authority established?

A series of striking new policies aimed at high-income people in China.

1. Establish a "high net worth individuals administration" to conduct targeted special inspections. Use the special management of smart tax big data to collect taxpayer information in all directions.

2. Introduce a "cancellation of household registration tax" for immigrants. Once all the properties are retired, it is necessary to impose taxes. We will further improve the tax system, crack down on the phenomenon of tax evasion and tax fraud in accordance with the law, and do not go through immigration procedures without tax payment certificates.

At present, the cost of domestic immigration is relatively low, and it is common for many stars and rich people to quietly move overseas, either evading taxes or transferring assets. Other major countries in the world, such as Germany and the United States, have already set up tax settlement for wealthy immigrants and levied "abandonment tax".