@cnbc: China’s wealthiest families are scrambling to assess their offshore fortunes after Beijing announced a surprise 20% tax on offshore trusts, including certain assets moved into them since 2023, with only 90 days to declare and pay. Why has the move shocked China’s ultra-wealthy and what does it mean for their offshore fortunes? CNBC’s Anniek Bao has the details. Read more at the #linkinbio or the link on screen. #CNBC
cnbc
Region: US
Friday 21 August 2026 04:01:24 GMT
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Melo the Great :
America would never. I love China
2026-08-21 04:26:21
533
Khuram Shahzad :
This should happen in America
2026-08-21 10:01:19
276
KathyB :
20% for wealth they try to hide overseas, they are rich they can afford it.
2026-08-21 09:45:24
70
2brown2gaf :
China, a scary communist country, doing what America could never, taxing billionaires.
2026-08-21 15:25:16
7
Liansky :
I love the music designed to make us feel sorry for the wealthy.
2026-08-21 08:16:07
200
bellyrice :
So government can really tax the wealthy (if they want)?
2026-08-21 12:27:48
71
pacificmikewest :
China once again showing everyone how it’s done.
2026-08-21 16:05:16
1
BillieUnleashed :
I love how China does what’s best for the country and not just the elites. Meanwhile other places are just catering to the uber wealthy
2026-08-21 13:06:59
20
Neckbeardicus :
China doing it better than us once again. As is with everything
2026-08-21 16:21:30
0
RealtorRicky :
No!!! I’m now only worth $80 million dollars and not $100 million! Won’t somebody think of the children?! 😂😂😂
2026-08-21 13:46:53
5
Opposite the Monitor :
Good job China! Show us how it's done and lead the new world order.
2026-08-21 15:58:31
8
MichaelKyleWalker :
Billionaire need to pay tax, good move China
2026-08-21 07:16:15
84
sfjoy_415 :
I don’t feel sorry for the Rich one little bit
2026-08-21 05:52:01
97
rickly :
China is the model for the world.
2026-08-21 14:12:47
10
tom or i :
Well done, China
2026-08-21 13:26:00
1
BrickRat :
& china will perish you over taxes, they do not play 😭😭
2026-08-21 15:16:06
1
New Dawn :
Amazing - well done China
2026-08-21 12:57:47
1
merpito :
Oh noooooo the super rich have to contribute to their society? Oh nooooooo
2026-08-21 14:50:50
12
PeaceFor🇵🇸🇮🇱 :
there are those who asked .. if 🇨🇳 is that good, why are so many mainland Chinese running to the 🇺🇸? — there, they can hide and recycle their wealth.
2026-08-21 08:30:49
23
George :
So it is possible to tax the rich after all 🧐
2026-08-21 11:23:33
7
Old_School :
So you CAN tax the rich
2026-08-21 09:39:41
12
3ettleJu!c3 :
If only Australia has the balls to do it. Salute China. That’s what we say working for the people
2026-08-21 09:36:58
12
Kakaphoni66! :
I don't see the problem with taxing the rich who have been trying to hide their wealth
2026-08-21 14:20:57
5
Deromino :
Should be interesting to see how many pay, and how many just abandon China entirely
2026-08-21 11:50:13
16
KK :
They need to do this worlwide
2026-08-21 07:22:49
40
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