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Bank of China accused of exploiting tax preferences to avoid paying US$348m
The bank channelled funds through affiliates and mass employee investors to pass off private funds as public, China’s top auditor says.
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caixinglobal.com
China Auditor Accuses Bank of China of $348 Million Tax Evasion
‘Big Four’ state lender used employee pocket change to exploit mutual fund loopholes
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scmp.com
Bank of China accused of exploiting tax preferences to avoid paying US$348m
The bank channelled funds through affiliates and mass employee investors to pass off private funds as public, China’s top auditor says.
