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Economy

Is China considering a data tax on big tech? Signs point to yes

Key party member says profits earned on information belong to all, not just companies

After a 2020 speech by Alibaba founder and billionaire Jack Ma, Beijing began a broad crackdown on big tech that may now include a tax on digital holdings.   © Reuters

SHANGHAI -- The possible imposition of a so-called 'data tax' on platform developers including giant internet companies has emerged as another facet of President's Xi Jinping's 'common prosperity' drive to share wealth more equitably throughout the nation.

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