Leading Chinese Businessmen all Using Family Trust Schemes in BVI

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Speculation circulates the news reports regarding the tightening of Chinas tax rulings this year, following violations in loopholes that have consequently been losing the Chinese government billions of dollars annually.

Four of China’s most famous and influential business moguls have been caught transferring over USD $17 billion dollars of funds and assets into offshore accounts in BVI using family trusts at the end of 2018. This has brought to light that many large interests in Hong Kong-registered companies are held through subsidiaries in the British Virgin Islands.