Tag: trust
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China’s New 20 Percent Tax on Offshore Trusts Sends Wealthy Families Racing for Advice
China’s New 20 Percent Tax on Offshore Trusts Sends Wealthy Families Racing for Advice Beijing has finally spelled out how it will tax offshore trusts, and the answer has caught even seasoned advisors off guard. Wealthy Chinese families now have a fixed deadline to work out what they owe.