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China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts
Beijing's move to tax offshore trusts, long used by China's ultra-rich to hold money, has set off a rush to lawyers and a scramble for cash.
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caixinglobal.com
Caixin Explains: How China’s New Offshore Trust Rules Close Tax Loopholes
A 90-day grace period allows wealthy individuals to settle back taxes, as multilayered structures and foreign passports will no longer offer a shield
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scmp.com
How China’s new offshore trust tax rules could shake billionaires’ fortunes
Soho China founder Pan Shiyi’s Cayman trust faces scrutiny as Beijing’s tax overhaul puts offshore wealth strategies in focus.
