Published • loading... • Updated
China Moves to Clarify Offshore Trust Tax Rules
The agency is training local officers and issuing draft guidance as wealthy families face a 20% levy and a 90-day declaration deadline.
Summary by Internewscast
4 Articles
4 Articles
It is understood that Beijing is training local tax officials in an attempt to unify the taxation of offshore trusts across different regions and to tax China's wealthy elite. Previously, some wealthy individuals had reached one-time settlement agreements with provincial tax authorities; it is unclear whether these agreements will apply under the new regulations.
·New York, United States
Read Full ArticleCoverage Details
Total News Sources4
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
Factuality
To view factuality data please Upgrade to Premium
