Business
Chinese Ultra-Rich Face New Tax on Offshore Trusts
Beijing has imposed a surprise tax on offshore trusts, leading to a rush for legal advice and cash among China's super-rich.
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CNBC
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.
2026-08-05 00:32 UTC