Recently, the State Administration of Taxation announced five major tax-related criminal cases on its official website, involving foreign trade export enterprises fraudulently obtaining export tax refunds; medical device enterprises falsely reporting R&D expenses plus deductions for tax evasion; shell enterprises violently and fraudulently opening up; tax evasion at gas stations; and pharmaceutical enterprises obtaining fraudulently opening up invoices for traditional Chinese herbs, agricultural products, and so on. Relevant industries should be warned

U.S. Republican presidential candidate Donald Trump was declared the winner of the 2024 presidential election in the early morning of June 6, according to Xinhua Express. The news not only shook the U.S. political scene, but also triggered widespread concern in the global foreign trade as well as cross-border e-commerce industry.

In recent years, the tax department has strengthened the tax service and tax supervision of webcasting practitioners according to law, but there are still some people who take a chance to evade taxes, disturbing the normal tax order and hindering fair competition in the market. The tax department investigated and announced three cases of tax evasion by webcasters in accordance with the law on the 15th.

The enthusiasm of enterprises to go public in Hong Kong continues.Wind data show that as of November 17, the Hong Kong Stock Exchange this year, 57 new IPO enterprises, debut fund-raising scale of about 71.583 billion Hong Kong dollars, far more than the whole of last year. Only since the fourth quarter, there have been 14 enterprises successfully listed in Hong Kong, such as Crowe Hydrogen, China Resources Beverage and Midea Group. At the same time, as of November 17, the Hong Kong Stock Exchange accepted a total of 86 listing applications, including many star companies in the field of automatic driving, artificial intelligence, and other areas, but also includes a number of large A-share companies.

Recently, the State Administration of Taxation announced five major tax-related criminal cases on its official website, involving foreign trade export enterprises fraudulently obtaining export tax refunds; medical equipment enterprises falsely reporting R&D expenses plus deductions for tax evasion; shell enterprises violently making false invoices; gas stations stealing taxes; and pharmaceutical enterprises obtaining falsely opening invoices for traditional Chinese herbs and agricultural products. Relevant industries should be warned.