The days of wealthy people in China are getting harder and harder. Offshore trusts also have to be chased for taxes, going back to 2023. In the era of big tax crackdowns, changing your nationality doesn’t help either, and immigration to avoid taxes doesn’t exist anymore. Even if you set up a trust earlier, if you now want to go through immigration, you still have to clear the taxes before you can leave. And even if you get a passport and a permanent residence permit, as long as your income source is domestic, you’ll still be taxed.