Latest News for: Offshore wealth


Pravin Gordhan’s deathly legacy: A threat to SA’s economic future

Independent online (SA) 28 Nov 2023
Under ordinary circumstances, he would have been fired by now, or forced to resign, so what or who shields him from accountability? ... What makes him so untouchable? ... The economic elite, with their wealth safely stashed offshore, may escape unscathed, leaving ordinary citizens to deal with the fallout of this political chess game ... BUSINESS REPORT .

Good Morning, News: City Eyes $2.6 Million in Body Cameras For Police, House Cooks Up ...

Portland Mercury 28 Nov 2023
An upcoming US Supreme Court case will decide the constitutionality of a tax on offshore earnings that was part of Donald Trump’s 2017 tax package ... the prospect of a future wealth tax. The one-time tax on offshore earnings has generated billions since it went into effect.

Zhongzhi flags insolvency issue in letter to investors

China Daily 24 Nov 2023
Zhongzhi's actual controller Xie Zhikun died on Dec 18, 2021 ... Since April last year, Shimao has reported bond defaults, both in the onshore and offshore markets. The four wealth management companies under Zhongzhi Enterprise Group have reported overdue payments related to their wealth management products or suspension of payment since July.