This article describes how businesses in China have to give out invoices called fapiao in order to ensure that taxes are being paid. However, as you will learn from Mr. Ding’s experience, the fapiao or the very mechanism intended to keep businesses honest, is the key to cheating on taxes. Questions: 1. What was the… Read more »
Posts Tagged: fake invoices
Word to the Wise: Watch the Spelling!
Ephonia Green has given away 275 wedding gown ensembles to military brides over the last five years from her bridal shop in Maryland. But how has she been able to afford such philanthropy, while working as a $56,000-a-year administrative assistant for a nonprofit organization? Since 2005, when Green started receiving publicity for her charitable gifts… Read more »