Beijing’s offshore trust tax prompts mainland wealth to rethink next-gen residence: US$1.2bn MFO

Hong Kong family office firms should expect more residency and tax structuring enquiries in the months ahead from ultra and high net worth Chinese individuals to safeguard the next generation amid China’s recently announced plans to slap taxes on offshore trusts, Edmund Chong, CEO of JIG Family Office, told Asian Private Banker. Edmund Chong, JIG Family Office “Wealthy Chinese individuals…

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