# China’s Tax Clampdown Brings in $24 Billion from Offshore Trusts > HelixNews · Web page: https://helixnews.one/story/781017 · All pages for agents: https://helixnews.one/llms.txt 1 outlet covering · First listed: Bloomberg, Nov 11, 2026, 3:18 AM · Read it: China’s ultra-wealthy have declared more than 160 billion yuan ($24 billion) in back taxes tied to offshore trusts, bowing to pressure from authorities increasingly eager to expand the tax dragnet far beyond their national borders. ## Who's covering it In the order they published: - Nov 11, 2026, 3:18 AM: [China’s Tax Clampdown Brings in $24 Billion from Offshore Trusts]() — Bloomberg (Business & finance, United States) China’s ultra-wealthy have declared more than 160 billion yuan ($24 billion) in back taxes tied to offshore trusts, bowing to pressure from authorities increasingly eager to expand the tax dragnet far beyond their national borders.