{
  "id": 16027682,
  "title": "China targets offshore trusts in widening push for taxes",
  "url": "https://urgent.news/2026/10/22/china-targets-offshore-trusts-in-widening-push-for-taxes",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T09:25:32.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/plus/business/china-business/article/3371784/china-targets-offshore-trusts-widening-push-taxes"
  },
  "original_language": "en",
  "account": null,
  "summary": "Thursday marked the deadline for Chinese taxpayers to make outstanding tax payments tied to offshore trusts as the government chases new funding sources to help ease fiscal strains. Investors face a 20 per cent tax based on the initial value of assets placed in trusts and a 20 per cent tax on distributions under a policy coming into force on Friday. Authorities backdated the taxes to January 1,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Flurry of activity for China’s richest ahead of offshore wealth tax deadline",
        "url": "https://urgent.news/2026/10/22/flurry-of-activity-for-chinas-richest-ahead-of-offshore-wealth-tax",
        "published": "2026-10-22T04:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}