The Traderszone Network

Published in TZ Latest News 22 March, 2015 by The TZ Newswire Staff

China to reap Alibaba windfall as tightens up on tax

China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group (BABA.N) who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky mechanisms for tax collection. The total lock-up represents roughly 18 percent of Alibaba’s shares, which if sold would fetch just over $37 billion at Friday’s closing price.

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