Blockchain, Fintech, News

Shenzhen tax authority launches blockchain-based tax lab with Tencent

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According to a news release by the State Administration on Taxation Shenzhen Municipal Office , state tax authority of China,  the agency is working with Chinese internet giant Tencent to establish an “Intelligent Tax innovation lab in Shenzhen to use blockchain technology in the fight against tax evasion and fraud as well as reducing cost for the government agency. (Photo credit:  Shenzhen office, SAT)

 

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