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This is BIG! The #CCP has set up the High Net Worth Individuals Administration for high net-worth individuals (net worth or bank deposits above 10 M RMB) . Special audit will be done for high net-worth persons. Golden Tax IV will adopt the means of intelligent taxation to collect information on each taxpayer. Individuals who want to migrate to other countries might need to pay an "immigration tax", and get a tax clearance certificate before they can leave. More: https://sohu.com/a/603371865_120005859 https://sohu.com/a/602492761_121123737