• China’s Offshore Trust Tax Shake-Up Puts Private Wealth Structures Under Pressure

    China’s new tax rules for offshore trusts are sending a clear message to wealthy families with assets held overseas: offshore structures are becoming much harder to separate from the Chinese tax system. On 24 July 2026, the Ministry of Finance (MOF) and State Taxation Administration (STA) issued Announcement No. 21 of 2026, establishing specific individual…