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‘People are nervous’: Taiwan’s wealthy shelter money overseas in fear of China conflict

Summary by Ground News
Taiwan has long been among the countries with the highest proportion of wealth held in offshore tax havens. Wealthy individuals connected to Taiwan's ruling Democratic Progressive party, which has frosty relations with Beijing, are driving the push to diversify assets. Many business owners sent their wives to give birth in the US or transferred their entire families there.
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Financial TimesFinancial Times
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‘People are nervous’: Taiwan’s wealthy shelter money overseas in fear of China conflict

Geopolitical tensions and crackdown on longstanding offshore holdings trigger shift into portable assets

·London, United Kingdom
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Financial Times broke the news in London, United Kingdom on Tuesday, July 4, 2023.
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