The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: John Vosilla who wrote (2352)	4/11/2019 11:10:44 PM
From: elmatador	Read Replies (2) of 13803

TJ does not comment here. The Chinese capital flight inflated those countries real estate beyond the absurd. The sector is extremely distorted and that will have consequences. How foreign holders of Chinese capital flight gone into real estate will unwind? One possibility is for the Chinese Communist Party pressed for money and forced these owners to cough up on a Bingbing style If Fan Bingbing case is an indication, (article below) the owners are going to be pressed to cough up taxes.. Grab a few high profile who has property abroad and forced to pay taxation on these properties. Then the small fry will walt to tax offices, declare and pay Fan Bingbing's tax evasion case serves as warning to China's burgeoning entertainment industry BEIJING (BLOOMBERG, XINHUA) - China's decision to slap superstar Fan Bingbing with one of the country's biggest tax evasion penalties in recent memory sends a reminder that the Communist Party has no plans to loosen its grip on the booming film and television industry. Fan and companies she's affiliated with were ordered to pay about 884 million yuan (S$178 million) in back taxes and fines, the official Xinhua news agency reported on Wednesday (Oct 3). The 37-year-old actress said she was deeply ashamed of her crimes and apologised to tax authorities and the public. China's pursuit of one of its biggest stars serves as a warning to a burgeoning entertainment industry in a country that analysts predict will overtake the United States as the world's biggest movie box office in the coming years. straitstimes.com

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