Chinese UHNW clients rush to audit offshore trusts ahead of October deadline

Family offices and wealth advisers across Asia are scrambling to conduct rapid trust audits for Chinese ultra high net worth clients following Beijing’s retroactive 20% tax on offshore trust structures, Candice Wu, co-founder of Tigris Family Office, told Asian Private Banker. “This is simply the most discussed topic among our Chinese clients right now, and the concern is very real,”…

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