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.
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
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