EconomyPrudential shares tumble on report China will tax offshore insurance returns
Prudential shares dropped as much as 13% on Wednesday following a Caixin report that Chinese mainland tax authorities have begun imposing personal income tax on returns from offshore insurance policies. The report points to growing scrutiny of offshore investments in China. Investors reacted sharply to the prospect of increased tax pressure on such returns. The move adds to concerns surrounding the treatment of offshore insurance products.
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Reuters★★☆☆☆2026-08-05 14:50Original
Prudential shares tumble on report China will tax offshore insurance returns
Economy