China enforces new rules on offshore trusts
China's finance authorities are tightening enforcement of regulations affecting offshore trusts and asset arrangements.
China has introduced new enforcement rules from its Ministry of Finance and State Tax Administration targeting offshore trusts. The rules affect financial arrangements used for asset protection or succession planning.
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interest.co.nz
China clamps down on offshore financial arrangements, immediately
If you have an 'offshore trust' that shelters assets from China or even aids succession planning, you need to know about some new MOF and STA enforcement rules