Fiscally pressed governments will keep extending tax and reporting reach to citizens' offshore assets and to emigrants with home-country ties, so the cost of holding capital outside the home jurisdiction keeps rising and residency and citizenship become core asset-protection decisions.
forming · confidence 40 · Emerging (watchlist) · tracking since October 21, 2026 · updated October 21, 2026
China's super-rich are selling shares and switching nationality ahead of the October 22 deadline under Beijing's July rules. Those rules impose a 20% tax on assets moved into offshore trusts and on their income, and 2021-2025 liabilities must be settled by then to avoid surcharges. Citizenship has become a direct asset-protection decision.
Supporting · October 21, 2026
China's super-rich sell shares and switch nationality before Thursday's offshore-trust tax deadline
China's super-rich are selling shares and switching nationality ahead of the October 22 deadline under Beijing's July rules. Those rules impose a 20% tax on assets moved into offshore trusts and on their income, and 2021-2025 liabilities must be settled by then to avoid surcharges. Citizenship has become a direct asset-protection decision.
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