China Deploys Big Data in Crackdown on Overseas Trading Income

Chinese authorities stepped up efforts to collect taxes from citizens with overseas investment income as part of a broader push to suppress cross-border trading that evades capital controls.

Six local tax bureaus including those in cities like Beijing and Shenzhen on Tuesday issued almost identical statements saying they “reminded and coached” some citizens to declare their overseas income and pay any overdue taxes. The authorities used big data analysis to track down the people, they said.

The latest development signals Chinese authorities aren’t letting up on hunting taxes stemming from offshore trading and preventing the evasion of capital controls. The ...