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World News@quokk.au · 3 months ago

China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts

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China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts

CityPop@lemmy.today to

World News@quokk.au · 3 months ago

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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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3 months ago
Are they? People? I’ve met their american and European counterparts, and they definitely aren’t.

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