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Global Market: China’s wealthy rush to unwind offshore trusts as tax deadline looms

viaeconomictimes.indiatimes.com16 Oct
Global Market: China’s wealthy rush to unwind offshore trusts as tax deadline looms
China’s wealthy individuals are restructuring offshore trusts, selling investments and reassessing residency amid a new 20% tax on overseas trust income. With an October 22 declaration deadline approaching, uncertainty over enforcement and liabilities is prompting asset sales, borrowing and delayed…

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