Market Chatter: Amazon.com, Alibaba Ordered to Hand Over Sales Data by China Tax Authorities

MT Newswires Live11-13

Amazon.com (AMZN) Alibaba (BABA) and other e-commerce firms have been ordered by Chinese tax officials to hand over sales data, Bloomberg reported Wednesday, citing people familiar with the matter.

Bloomberg described the requests as an attempt to prevent tax evasion by merchants who use the platforms to ship products abroad.

The platforms themselves are not being accused of any tax evasion, Bloomberg reported.

Amazon and Alibaba did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Max87
11-14
Max87
Whew

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2583566611","content_text":"Amazon.com (AMZN)  Alibaba (BABA) and other e-commerce firms have been ordered by Chinese tax officials to hand over sales data, Bloomberg reported Wednesday, citing people familiar with the matter.Bloomberg described the requests as an attempt to prevent tax evasion by merchants who use the platforms to ship products abroad.The platforms themselves are not being accused of any tax evasion, Bloomberg reported.Amazon and Alibaba did not immediately reply to MT Newswires' request for comment.(Market Chatter news is derived from conversations with market professionals globally. 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