China’s offshore tax crackdown could inadvertently fuel a digital dollar boom
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 keep international assets beyond the reach of the government. The deadline sits…
We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.
