China turns tables and taxes what was once free, bondholders not amused
China shocked investors by announcing a new 6% tax on interest earned from government and bank bonds starting August 8, 2025. These bonds were tax free for decades, making them popular safe bets. Now, new bonds will face this tax while old ones keep their exemption until they mature. https://news.bloomberglaw.com/daily-tax-report-international/china-to-tax-bond-interest-income-after-decades-of-exemption-1 The tax means the government …