The reason why China will establish a high-net-worth individual asset management authority

For high-net-worth individuals (net assets or bank deposits of more than 10 million yuan), China has established a high-net-worth individual bureau and launched a special inspection operation for high-net-worth individuals. In the future, the fourth phase of the Golden Tax will adopt smart measures. Taxation means are used to collect each taxpayer's information and create a corresponding taxpayer portrait big data module. At the same time, the cancellation of household registration tax is introduced for immigrants. Everyone who wants to leave their home country must go to the tax authorities to issue a tax clearance certificate.