Published Nov 11, 2026, 4:18 AM ET · Updated 2 days ago · 2 sources
China’s Tax Clampdown Brings in $24 Billion from Offshore Trusts
bloomberg
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Original Report
INFERY
China’s ultra-wealthy have declared more than 160 billion yuan ($24 billion) in back taxes tied to offshore trusts, bowing to pressure from authorities increasingly eager to expand the tax dragnet far beyond their national borders.