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CityPop@lemmy.today to World News@quokk.au · 10 days ago

China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts

www.cnbc.com

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China's super-rich 'in shock' and hunting for cash as Beijing issues surprise tax on offshore trusts

www.cnbc.com

CityPop@lemmy.today to World News@quokk.au · 10 days ago
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Beijing's move to tax offshore trusts, long used by China's ultra-rich to hold money, has set off a rush to lawyers and a scramble for cash.
  • Luminous5481 "Enemy of the State"@anarchist.nexus
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    10 days ago

    oh no haha those poor rich people what will they do lmao

    • PRIMEcavitationfetishist@quokk.au
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      10 days ago

      Are they? People? I’ve met their american and European counterparts, and they definitely aren’t.

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