China’s New Message to Its Billionaires: Pay Up | Big Take

By Bloomberg Podcasts

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China is ramping up an ongoing effort to shore up local government budgets and fund AI data centers with tax revenue from its richest citizens. Billionaires across the country are seeing bills hit their doorstep, and one major deadline to pay up is just weeks away. On today’s Big Take podcast, host David Gura talks to Bloomberg’s Lulu Chen about why Beijing is enforcing and rewriting its tax rules, and the measures some wealthy citizens are taking to pay up or fight back. Read more: Further listening: China Tightens Its Grip on Billions in Offshore Wealth (https://podcasts.apple.com/us/podcast/big-take/id1578096201?i=1000771915528) Hosted by David Gura; Guest: Lulu Chen; Produced by Naomi Ng; Edited by Aaron Edwards, Engineering by Greg Tock See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the worl

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