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165 views • August 14, 2023

NTD Business (Aug. 14): IRS Errors Counted Living Taxpayers as Dead; China's Property Crisis Worsens, 'No Way Out': Analysis

NTD News
NTD News
The IRS refused to pay some stimulus checks during the pandemic, wrongly claiming some taxpayers were dead, according to a report from the Treasury's Office of Inspector General. According to the report, some taxpayers were told their accounts were locked when attempting to access stimulus checks. China's largest private real estate developer Country Garden is seeking to delay payment on a private onshore bond for the first time. This is the latest sign of a stifling cash crunch in the property sector. Anxiety about contagion risks is spreading through global markets, putting the Chinese regime under mounting pressure to deliver support for the ailing real estate sector.
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