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Beijing's new offshore trust tax rules, effective July 24, imposing a 20% tax on realized gains, are now impacting wealthy Chinese in NYC as enforcement deadline nears
Beijing's new offshore trust tax rules, effective July 24, imposing a 20% tax on realized gains, are now impacting wealthy Chinese in NYC as enforcement deadline nears. The rules apply to mainland tax residents who transfer property or shares into an offshore trust or receive distributions from one, and also include an annual tax on income.
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Source：SCMP商业 · Source Link
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