Summary China's official media reports that tax revenues are suffering a $3.6 billion annual loss due to tax avoidance by multinational corporations. The report comes amid a high-profile government crackdown on tax evaders, particularly among China's rich and famous. But, despite the increased focus on the tax practices of foreign firms, China's vast markets and low-cost labor likely will keep these companies from leaving. Analysis Officials from China's State Administration of Taxation say the nation's tax revenues are short $3.6 billion annually due to tax avoidance by multinational corporations, the official People's Daily reported July 31. The article follows the government's recent criticism of tax evasion by China's rich and famous and its exhortations to the average citizen to do his or her civic duty and pay personal income tax.