According to the report, specialized task forces have been set up to track and audit high-net-worth citizens, with some units dedicated solely to individual billionaires. Among the notable targets under scrutiny is a co-founder of hotpot giant Haidilao.
Hong Kong has emerged as one of the primary cross-border focal points for this tax sweep. The report also highlights discussions around a potential forthcoming inheritance tax, pointing to a much tighter regulatory grip on offshore assets. ToNanyang Heat Week｜check in & spin for Premium
