AI’s Coming Revolutionary Effect on Third World Healthcare 
TRANSCRIPT: “These women devoted their lives to build Afghanistan’s justice system” 
Big Brother Comes to Southeast Asia 
For decades, Hong Kong has been a magnet for the rich.
From wealthy Chinese setting up family trusts to millionaires migrating from across Southeast Asia, all of them have been sucked in by the city’s promise of free capital flows, a trustworthy legal system and extensive financial expertise.
But some worry this model could now come under threat. Over the past few months, Beijing has launched a slew of measures to tighten controls over cross-border financial flows, seeking to prevent tax avoidance and capital flight.
Perhaps the most significant news came in late July, when Beijing announced that offshore trusts would now be subject to China’s personal income tax – closing a loophole that had allowed wealthy Chinese families to shield massive amounts of income from taxation.
In Hong Kong, some fear the new rules could disrupt – or even divert – capital flows into the city’s vast wealth management industry. But analysts said the city could benefit over the long term.
Don't Miss:
-
China is using AI facial ID to track migrating fish in Tibet’s largest river
-
Pakistan says ‘purely defensive’ Mecca accord is open to others
-
John Lee is right about local governance. Now he must deliver
-
China experts explain why hugging winter melons for cooling in summer can cause explosions
-
Youth membership in Hong Kong uniformed groups drops 8% over 5 years