CHINA BEGINS STRICT TAXATION OF OFFSHORE TRUST INCOMES AS 90-DAY WINDOW CLOSES TODAY
China has commenced a more aggressive drive to tax income held in offshore trusts, as the 90-day transition period given to affected wealthy individuals and families officially ends today, marking a major shift in the country’s tax enforcement regime. The development signals Beijing’s determination to strengthen tax compliance among its growing class of high-net-worth individuals […]

