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China targets offshore trusts – including Hong Kong – amid tax overhaul
Beijing’s new tax rules aim to close loopholes and boost fiscal revenue amid slowing economic growth and rising fiscal burdens.
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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.
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cryptobriefing.com
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
