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China’s super-rich scramble to exit offshore trusts, raise cash as taxman knocks

   2026-10-16 FMT 3
Core Tip: In late July, Beijing gave wealthy Chinese individuals until Oct 22 to declare offshore trust income, subject to a 20% tax, prompting a rush to calcul

China’s super-rich scramble to exit offshore trusts, raise cash as taxman knocks

In late July, Beijing gave wealthy Chinese individuals until Oct 22 to declare offshore trust income, subject to a 20% tax, prompting a rush to calculate their tax liabilities.
 
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