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Beijing weighs clarifying offshore trust tax rules amid elite confusion

The reported move targets ambiguities in new tax rules that have left wealthy Chinese and their advisors uncertain.

Reported · Written up by our desk · China

Beijing is reportedly preparing to clarify aspects of new tax rules covering offshore trusts, after the policy left China’s ultra-wealthy community and advisers confused, according to CNBC World.

The outlet says the confusion stems from ambiguities in the rules that were introduced recently, and that the government is now working to reduce uncertainty around how the provisions should be interpreted.

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