Tag: money

profiteering marketing

In the life insurance industry, some advisers may induce policyholders to purchase more insurance than they need, a practice known as profiteering marketing. The real purpose of insurance: It should be to improve life, not to make people work hard. Investments should be made within one's means and planned carefully to avoid the risk of inflation and insufficient claims in the future. With wise insurance choices, you can better protect your future.

Will I still be taxed if I gift RMB 2.44 million to my children within one year?

A parent donated RMB 2.44 million to each of his two children. Since each child did not exceed the annual tax exemption, no special declaration of gift tax was made. After verification by the National Taxation Bureau, because the total amount of gifts exceeded 2.44 million yuan, the company was required to pay the excess gift tax of 10%, totaling 244,000 yuan. What exactly is the problem?
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