NewsDialy
Money held outside China's borders is now in Beijing's tax sights.
Offshore wealth, meaning assets deliberately placed in foreign accounts or legal structures to keep them beyond a home government's reach, is what the recent push targets.
People familiar with Beijing's direction say this is an opening phase of something larger, one that could eventually extend to overseas real estate and inheritances. The short version: the first move is real and active.
What follows is expected but not yet law. What is being targeted and what could follow The line between current policy and projected expansion matters here. The campaign against offshore wealth is live.
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