South China Morning Post · General

China’s offshore tax crackdown could inadvertently fuel a digital dollar boom

· By Hugh Harsono
Story summary

From October 22, China’s grace period for the disclosure and settlement of certain offshore-trust tax liabilities ends. For the Chinese government, this deadline highlights its desire to affirm control over capital outflows, while for Chinese high-net-worth families, it serves as a reminder that it is now harder to …

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