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China: A Signboard Advertising Zhijiang Zhen Vintage Liquor in Yichang
Yichang, Hubei, China - June 17, 2024
[Note: no sound]
A signboard advertising Zhijiang Zhen vintage liquor is seen in Yichang, Hubei province, China, June 17, 2024. Weiwei Shares recently announced that its former holding subsidiary Zhijiang Wine was required to pay more than 85 million yuan in back taxes for failing to declare consumption tax as required between 1994 and 2009. This matter caused widespread concern in the market, and the rumor of "tax backcheck for 30 years" arose. In response to this matter, the local authorities in Yichang, Hubei Province responded: there is no "30 years of backward investigation", this is only a normal collection of tax arrears by the tax department.
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