🇨🇳⚡️ — China has introduced new tax rules targeting offshore trusts used by wealthy individuals, aiming to close tax loopholes and boost government revenue amid slowing economic growth and rising fiscal pressures, SCMP reports.

➡️ Effective immediately, personal income tax will apply to gains in the value of assets—such as stocks and real estate—held in offshore trusts, while income generated by those trusts will also be taxed annually.

➡️ The measures tighten Beijing's oversight of wealth held overseas, particularly through offshore trusts in jurisdictions such as Hong Kong, which have long been used by wealthy mainland families for tax planning and asset management.

🇺🇦❌🇷🇺 — Ukraine has launched drones into Crimea and western Russia.

➡️ Monitoring sources indicate that more than 300 drones have been launched so far.