Shanghai |Touching down on a rainy night in Shanghai this weekend, I discover I have a new tool for bonding with the locals: complaining about taxes.I’ve long employed a strategy of lamenting rising property prices in Japan’s Tokyo and Kyoto – and, in China, falling property prices in Shenzhen and Chongqing. But a widening crackdown on tax collection across mainland China has provided a new source of financial anxiety. And now Australia is adding to it.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Australia and China squeeze Chinese property money from both ends
Australia is asking tougher questions about the Chinese wealth flowing into its property market, just as Beijing intensifies its own crackdown on money moving offshore.
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