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China begins taxing offshore trusts to close asset protection loophole
China launches crackdown on offshore trusts, imposing a 20% tax on investment gains and requiring multi-year financial disclosures from wealthy
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economictimes.indiatimes.com
China to tax offshore trusts as Beijing targets overseas wealth
China's new tax regulations taking effect on Friday will impose taxes on offshore trusts and their associated incomes. A twenty percent tax rate will apply to asset transfers…
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straitstimes.com
China targets offshore trusts in sweeping tax clampdown
The move closes a loophole used by wealthy families for asset protection and succession planning. Read more at straitstimes.com. Read more at straitstimes.com.
