|
|
Liao Tizhong was also in the
Global Tax 50
2014, and
2013 |
Liao Tizhong is another familiar face for Global Tax 50
fans, having featured in the 2013 and 2014 lists, and a
tumultuous year for China certainly kept him on his toes during
2015.
At the end of 2014, Liao outlined for ITR the
themes on his agenda for the year. Looking back, it is clear
that he has delivered on each item on that checklist –
from involvement in BEPS and other G20 initiatives to enhancing
IT systems to help the SAT function more effectively.
He also pledged to set up organisations to discharge the
functions of tax administration on outbound investment and
offshore income; another area that was delivered upon in
2015.
Liao was the technical supporter to China's role in the G20
in international tax matters including the BEPS Project, Common
Reporting Standard and Multilateral Convention on Mutual
Assistance, and was appointed as a vice-chair of the ad
hoc group for BEPS Action 15 (multilateral instrument for
the revision of tax treaties), along with fellow Global Tax 50
2015 entrants Mohammed Amine Baina and Kim Jacinto-Henares.
In line with China's increasing desire to play a lead role
in global affairs, Liao championed the national strategy for
the outbound investment elements attached to the 'One Belt One
Road' initiative, making the strategy more viable through the
provision of better tax services and the reduction of burdens
for investors into major countries along the belt and road.
He has been quick to look at the best ways to implement BEPS
deliverables and has used the opportunity to revise many
Chinese international tax rules to foster the country's
integration into globalisation – work that will
continue to occupy him throughout 2016.
Liao says he wants to continue to push China from norm-taker
to norm-shaper in the year ahead. With lead roles in a number
of forums, 2016 is going to ensure Liao is busier than ever,
particularly as Action 15 work intensifies and the G20 Summit
and Forum on Tax Administration plenary meeting approach.