cryptohunter
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Using offshore banking in China can affect how much tax individuals and businesses have to pay. The tax rule depend on things like where you live, the type of money you make, and why you're doing offshore transactions.
For people if you live in China, you usually pay taxes on all the money you make worldwide, even if it from offshore. If you are not living in China, you usually pay taxes only on the money you make in China. if you're in China, you might have to also pay taxes on certain offshore money, like if you make money from selling investments in other countries.
For businesses doing offshore banking, they usually pay taxes on all the money they make worldwide. But there are special rules and good tax deals, especially for money made from certain offshore activities.
For people if you live in China, you usually pay taxes on all the money you make worldwide, even if it from offshore. If you are not living in China, you usually pay taxes only on the money you make in China. if you're in China, you might have to also pay taxes on certain offshore money, like if you make money from selling investments in other countries.
For businesses doing offshore banking, they usually pay taxes on all the money they make worldwide. But there are special rules and good tax deals, especially for money made from certain offshore activities.
