CityPop@lemmy.today to

World News@quokk.au · 1 day ago

China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts

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China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts

CityPop@lemmy.today to

World News@quokk.au · 1 day ago

6

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.

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Luminous5481 "Enemy of the State"@anarchist.nexus
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1 day ago
oh no haha those poor rich people what will they do lmao
- PRIMEcavitationfetishist@quokk.au
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  1 day ago
  Are they? People? I’ve met their american and European counterparts, and they definitely aren’t.

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