China starting enforcement of taxation of overseas income and investments.

[Michaela G.]

So, with China starting enforcement of their 1993 tax code, which requires Chines citizens to pay taxes on any overseas income and declare overseas investment, I wonder what the effect will be on the Westcoast housing market. 

After the crash, so much money came in from Chinese investors, that those purchases had a big effect on the rise of real estate markets here. As of Feb 1st, certain overseas investments are no longer allowed (don't know if real estate is included), so, I think that might make a difference.

Will also be tough for Chinese citizens to have to pay taxes in the countries they're working in, as well as in China. I wonder, if that's going to make some Chinese companies close their not-in-China subsidiaries .

http://www.nytimes.com/2015/01/08/business/international/china-starts-enforcing-tax-law-for-citizens-working-abroad.html