国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Top Stories

New policy aims to curb tax dodges

By Reuters | China Daily | Updated: 2015-02-02 07:47

The Chinese government's vow to increase scrutiny of foreign companies' taxes has sent businesses rushing to financial advisers to deal with the new rules, which are designed to rein in cross-border tax evasion.

Tax professionals and business lobbies alike have welcomed the move as an attempt to bring China's tax methods more into line with international standards.

But it has also raised concerns that the authorities could use the policy, which took effect on Sunday, as a tool to put the pinch on foreign companies - on top of what business lobbies already lament is an increasingly tough business climate in the world's second-largest economy.

"We've definitely been getting a lot of questions from clients on how to keep from being investigated under the anti-avoidance measures," said Roberta Chang, a Shanghai-based tax lawyer at Hogan Lovells.

The measures, an elaboration on China's existing General Anti-Avoidance Rules framework, have more companies taking a hard look at how they structure their businesses.

Under the new policy, for example, a company that invests in China through entities in Hong Kong or Singapore to take advantage of tax benefits that are not available from the company's home country could find itself on the wrong side of Beijing's tax authorities if it cannot prove it has substantial business operations or employees on the ground.

"Companies are increasingly putting substance in their holding companies," Chang said.

Andrew Choy, greater China international tax services leader at Ernst & Young, said the GAAR rules are a signal that companies need to pay attention to tax planning.

"In general, people will be more conservative," Choy said.

Chinese regulators socked Microsoft Corp with about $140 million in back taxes in November, an early case of what could become a wave of "targeted actions" to stop profits from going overseas, according to officials at China's State Administration of Taxation.

With a slowing economy likely to reduce this year's fiscal revenue growth to a three-decade low of 1 percent, according to a Deutsche Bank report, it makes sense for Beijing to try to boost its coffers.

Tax specialists say companies need to be aware that China's tax regimen is evolving as part of a global trend to curb tax avoidance.

At a meeting of G20 leaders in Australia in November, President Xi Jinping endorsed a global effort to crack down on international tax avoidance.

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
铜梁县| 留坝县| 兴业县| 惠东县| 靖安县| 鹿泉市| 赤水市| 珲春市| 新源县| 利津县| 革吉县| 海林市| 仁怀市| 河曲县| 西华县| 同心县| 修水县| 贵定县| 金坛市| 通城县| 马公市| 安徽省| 遵义县| 太谷县| 灌云县| 邓州市| 八宿县| 乌兰县| 临汾市| 邵阳市| 汶川县| 永登县| 嘉义县| 石家庄市| 修水县| 廉江市| 凤翔县| 务川| 土默特左旗| 万全县| 芮城县|