China's Rich Brace for Tax Raid on $24 Trillion Wealth Pile

  • Havens are disappearing, overseas earnings will become taxable
  • Foreign assets to be easier to track, transfers may be levied
China Says More Tax Cuts, Easier Monetary Policy Coming in 2019
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China’s plan to cut taxes in 2019 for the masses has the nation’s super-rich running for cover on concern the government will make up the shortfall by going after the wealthy.