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Wealthy seek to avoid a taxing inheritance levy

Updated: 2013-01-28 05:45
By Wu Yiyao in Shanghai ( China Daily)

Wealthy seek to avoid a taxing inheritance levy

Many Chinese high-net-worth individuals believe sooner or later the central government will impose an inheritance tax. As a result, some people are beginning to consider whether they can use insurance policies to avoid it despite the fact it has not yet been introduced. Lu Jianshe / For China Daily

Liu Fang, 34, a Shanghai insurance consultant, has received more than 30 phone calls in the past two months from clients inquiring about how to use insurance policies to avoid inheritance tax, even though China has yet to introduce one.

Wealthy seek to avoid a taxing inheritance levy

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