Post

Huh you can just do that???? Financial Times: "China has launched a global hunt for hundreds of billions of dollars in unpaid taxes going back decades as Beijing seeks to fill a deepening fiscal hole by targeting the ultra rich." www.ft.com/content/e179...

I mean, they're communists, of course they can do that. They can also send in hitmen and make the super-rich disappear. But damn, that's not a desirable situation!

Sometimes... Bao Fan (China Renaissance): The star investment banker and founder of China Renaissance disappeared without a trace in February 2023. It was later revealed that he was being held by authorities and was the subject of an investigation; he officially resigned from his position in 2024.

Jack Ma (Alibaba): After making critical comments about Chinese financial regulations in the fall of 2020, the Alibaba founder disappeared for months and largely avoided the public eye before later being seen abroad and occasionally back in China.

Xiao Jianhua (Tomorrow Group): The Canadian-Chinese billionaire was kidnapped from a Hong Kong hotel in 2017 and taken to mainland China. In 2022, he was sentenced to several years in prison for corruption and fraud.