Dossier
Offshore wealth
Coverage of Offshore wealth in the Nexus archive.
- Luxury Sales Plunge in China as Tax Push Hits Wealthy Shoppers
Global luxury brands are facing a deepening slump in sales within China. This decline is being fueled by the country’s campaign to tax offshore wealth, which has dampened spending among the nation's wealthiest consumers and sent ripples through markets like stock exchanges and casinos.