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China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts
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.
Story Verdict
★★★☆☆
Medium
Confidence: Low
Who Should Care
- Governments
- Businesses
- General public
Likely Next
- Official response
- Follow-up coverage
- Public reaction
Why It Matters
Developments like this can have effects beyond the immediate story. Directly involves China.
More in General
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