RT AB Kuai.Dong (@_FORAB)目前盈透券商 IBKR 那边，对注册新规的要求。来自身边人的亲测：国外雇佣证明、税单通知、海外信用卡在当地的消费记录，可过。整体来说，审核门槛不高，感觉像是象征意义加的要求。事件背景：由于 IBKR 适用于美国的 FATCA，不会与中国的 CRS 连接，导致最近查税风波后，开户和转移扎堆。 https://t.co/IpxX0MNvX1 ...

Core Viewpoint - The article discusses the complex overseas asset management and inheritance issues faced by the Wahaha family, particularly focusing on the late founder Zong Qinghou's extensive international investments and the ensuing legal battles over his estate [3][8]. Group 1: Overseas Asset Management - Zong Qinghou's overseas asset layout began as early as the 1990s, with a significant focus on the U.S. real estate market, including a mansion purchased for $25 million in Los Angeles [5][8]. - The family's overseas assets are estimated to exceed 15 billion RMB, including properties in the U.S. and Hong Kong, as well as stakes in various offshore companies [20][19]. - The article outlines three main pathways through which Zong Qinghou's family managed to move funds abroad: obtaining green cards in the 1990s, leveraging disputes with Danone for financial maneuvering, and utilizing offshore structures to facilitate asset acquisition [21][24][26]. Group 2: Taxation and Legal Challenges - The article highlights the tax implications of Zong Qinghou's estate, particularly the potential 40% tax burden on his heirs due to U.S. tax laws regarding "covered expatriates" [39][41]. - Zong Qinghou's estate planning strategies, including the use of offshore trusts, are scrutinized for their effectiveness in light of changing tax regulations and the risk of significant tax liabilities upon his death [54][56]. - The article emphasizes the importance of compliance in cross-border asset management, noting that the global exchange of tax information under CRS could impact individuals with overseas assets [48][53].

Core Viewpoint - The Chinese tax authorities are intensifying scrutiny on overseas investment income, requiring tax residents to declare and pay taxes on capital gains from foreign stock trading starting from 2025 [3][6][9]. Group 1: Tax Regulations and Compliance - Starting in early 2025, tax authorities will notify Chinese tax residents via SMS, phone calls, and tax apps to declare overseas stock trading income for the years 2022 to 2024 [3][6]. - The tax rate for overseas capital gains is set at 20%, with no minimum threshold or special deductions applicable [6][9]. - Tax residents are required to report their overseas income annually between March 1 and June 30 through the individual income tax app, including transaction evidence [6][14]. Group 2: Impact of CRS and Enforcement - The Common Reporting Standard (CRS) has enhanced the ability of tax authorities to track overseas accounts, leading to increased enforcement of tax compliance for overseas investments [9][12]. - Previously, enforcement was lax, but the introduction of CRS has allowed tax authorities to monitor accounts more effectively, including those with balances below $1 million [9][12]. - Tax compliance is now viewed as a mandatory obligation rather than an option, especially for high-income individuals with overseas assets [9][10]. Group 3: Investment Channels and Strategies - Investors are exploring compliant and tax-efficient overseas investment channels, such as QDII funds, which allow investment in foreign markets through domestic financial institutions [18][19]. - The Hong Kong Stock Connect program enables investors to trade Hong Kong stocks without capital outflow, maintaining compliance with domestic regulations [19]. - Cross-border ETFs listed in China provide another avenue for investment in foreign indices without incurring capital gains tax [20].

Group 1 - The global financial information exchange is becoming increasingly tight, and the transparency of overseas assets is continuously improving, prompting Chinese institutions to consider tax compliance issues when establishing USD funds abroad [1][3] - Recent international efforts to combat cross-border tax evasion have led to the emergence of two significant financial information automatic exchange standards: the U.S. Foreign Account Tax Compliance Act (FATCA) and the OECD's Common Reporting Standard (CRS) [3] - FATCA requires foreign financial institutions to report U.S. taxpayers' overseas asset data to the IRS, while CRS mandates participating countries to report account information of foreign tax residents to their respective tax authorities [3] Group 2 - The closed-door meeting featured presentations by KPMG partners discussing tax and compliance issues relevant to Chinese institutions managing USD funds [5] - A partner from Chenyu Group provided insights on the latest strategies for obtaining personal identification in Hong Kong, which is beneficial for Chinese managers frequently traveling between mainland China and Hong Kong [6] - The event, organized by New Intelligence Fund Network and NuBright, aims to provide Chinese USD fund managers with essential information on fund establishment, fundraising, and transactions through closed-door exchanges [8]

Core Viewpoint - Recent reports indicate that individuals engaged in overseas stock trading have received notifications from local tax authorities urging them to self-check for overseas income and voluntarily declare taxes, while fraudulent activities are exploiting this situation under the guise of tax collection [1][3][6] Group 1: Tax Notifications and Fraud - Multiple brokerage firms have urgently sent risk alerts to clients, clarifying that they have not received any official tax collection notifications and advising against responding to suspicious messages [2][8] - There has been a rise in discussions on social media regarding the collection of overseas investment taxes, with some individuals claiming to have received notifications from local tax authorities [3][6] - New types of telecom fraud have emerged, using tax collection as a pretext, where scammers send messages impersonating brokerage firms, prompting investors to update tax information via dubious links [6][7] Group 2: CRS and Investor Concerns - The Common Reporting Standard (CRS) has been mischaracterized as a source of personal information leaks, causing investor anxiety despite its purpose of facilitating tax compliance among participating countries [8][9] - CRS is an automatic exchange of financial account information established by the OECD, with over 100 countries participating, including major immigration destinations [8] - CRS does not directly impose tax obligations on clients; tax liabilities depend on the regulations of the client's tax jurisdiction [9] Group 3: Exemptions and Misconceptions - There are misconceptions regarding potential exemptions from CRS reporting, particularly concerning U.S.-registered brokerages, which still must comply with CRS regulations [10] - The U.S. operates under a separate tax information exchange system (FATCA), which also requires compliance from financial institutions, including those in Hong Kong [10]