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China Archive

  • December 2016

    The Brockman brief: Tax policy: The time to speak is now

    December 15, 2016

    Many interested parties are voicing their opinions on the evolving international tax policies that have emerged since the OECD’s BEPS Project was launched, but the voice of corporations is missing from the discussions. Keith Brockman highlights the need for reasoned opinions that go beyond casual conversations.

  • China: Preferential tax treatments for equity incentives

    December 15, 2016

    Rules issued by the Chinese government authorities provide details on the qualifying criteria for preferential tax treatments for equity incentives.

  • Last chance to register: Free global transfer pricing webinar on managing BEPS Action 13

    December 05, 2016

    Only a few days remain to join a panel of transfer pricing experts on December 8, as they share invaluable insights and takeaways on how to manage the challenges arising from BEPS Action 13.

  • November 2016

    China appoints new finance minister

    November 07, 2016

    China’s Standing Committee of the National People’s Congress announced on November 7 that Xiao Jie will be the new Finance Minister, replacing the long-standing reformer Lou Jiwei.

  • World Tax guide to the best tax advisers launched

    November 03, 2016

    World Tax 2017, International Tax Review's guide to the leading tax advisory practices around the world, including law and accountancy firms, is live and free to view now.

  • Modernising MAP – BEPS Action 14 to improve dispute resolution

    November 02, 2016

    Following approval by all members of the BEPS inclusive framework, the OECD has publicly released the substance and process for the peer review of BEPS Action 14.

  • October 2016

    Investors and BEPS: A precarious balance

    October 26, 2016

    The OECD BEPS Actions will result in a higher effective tax rate (ETR) and cash tax liability for most multinationals, whereas investors will continue to strive for lower ETRs and cash tax liabilities in the companies they consider for investment. Keith Brockman looks at where the balance should be in this equation, and who should be the master negotiator.

  • E-commerce: The global shift in taxation

    October 26, 2016

    Distance-selling regimes that impose a sales tax on digital goods and services are spreading across the globe. Joe Stanley-Smith looks at how these changes are being shepherded by the OECD.

  • Build, buy or outsource: Withholding tax reclamation

    October 26, 2016

    Some investors and advisers still believe that the global withholding tax reclamation process is so complex and labour-intensive that it outweighs the advantages, but this is simply not true. Bill Salva, global business development manager at Goal Group looks at the options for reclaiming withholding tax.

  • China: China’s recent measures to comply with BEPS, CRS and the New Silk Road

    October 26, 2016

    Recent months have seen a range of significant new pieces of Chinese tax guidance issued by the State Administration of Taxation (SAT) as well as new international agreements entered into by China. Collectively, these are indicative of some of the key policy trends in Chinese taxation.

  • Build, buy or outsource: Managing withholding tax reclamation

    October 19, 2016

    Some investors and advisers still believe that the global withholding tax reclamation process is so complex and labour-intensive that it outweighs the advantages, but this is simply not true. Bill Salva, global business development manager at Goal Group looks at the options for reclaiming withholding tax.

  • Public audit scorecards: Why not?

    October 03, 2016

    With tax authorities being granted more and more company data as transparency measures start to hit, Keith Brockman looks at how companies could scrutinise them.

  • September 2016

    Troubled waters – global transparency and controversy in uncertain times

    September 27, 2016

    David Swenson, global leader of PwC's tax controversy and dispute resolution network, looks at how the OECD's BEPS project is changing the tax controversy and disputes landscape and the potential pitfalls that may emerge as certain jurisdictions do not commit to the multilateral initiatives.

  • US pushes for Apple tax ruling to be on G20 agenda in China

    September 02, 2016

    The US wants corporate tax avoidance on the agenda at the G20 summit in China following a European Commission ruling that orders Ireland to collect $14.5 billion in back taxes from Apple.

  • August 2016

    PE risks of cross-border services to China

    August 26, 2016

    Foreign businesses offering cross-border service provisions to Chinese entities must take caution as the tax authorities are becoming more confident than ever in looking into cross-border transactions involving Chinese companies.

  • Asia Pacific nations slashing corporate taxes in competitive war

    August 24, 2016

    Indonesia may have started Asia’s ‘race to the bottom’ on corporate tax as it looks to match Singapore and stop companies from keeping assets offshore. Others are announcing cuts to stay in the race.

  • BEPS and tax illiteracy: did it just happen?

    August 23, 2016

    Efforts to tackle base erosion and profit shifting has led to wider interpretations of tax terminology. Keith Brockman considers the loss of tax literacy in the post-BEPS era.

  • Tax obligations for China’s oil and gas upstream sector

    August 23, 2016

    China’s oil and gas upstream sector is a growing industry that allows international oil companies to work with the Chinese government or its designated Chinese national oil companies. Maggie Zhuang, tax manager at Chevron China Energy Company, looks at the tax obligations for businesses operating in the sector.

  • Pokémon GO could get caught in a tax bubble

    August 23, 2016

    Mobile app sensation Pokémon GO has once again raised the debate on taxing digital services and in-app purchases. Joe Stanley-Smith and Amelia Schwanke compile a veritable Poké-montage of the best tax insights into the wildly popular app and the tax rules surrounding the growing market.

  • Tax technology: A brave new world

    August 23, 2016

    Tax authorities worldwide are increasingly relying on digital technologies to gather and analyse tax data, and implement intelligent systems that provide real-time tax collections and assessments. Moreover, tax data sharing among tax authorities, which will become an automated process from 2017, will help tax authorities complete more audits and investigations, creating a world where there will be nowhere to hide from the tax man. Amelia Schwanke investigates how authorities and taxpayers are adjusting to digital tools and systems and what the future holds.

  • Tax obligations for China’s oil and gas upstream sector

    August 01, 2016

    It is absolutely necessary to plan ahead when operating in China’s oil and gas upstream sector, which allows international oil companies (IOCs) to participate in and operate the exploration development and production of petroleum resources in China.

  • July 2016

    Pokémon GO could get caught in tax bubble

    July 27, 2016

    Mobile app sensation Pokémon GO has once again raised the debate on taxing digital services and in-app purchases.

  • OECD to name and shame uncooperative jurisdictions

    July 25, 2016

    The OECD will unveil its tax blacklist in 2017, but loopholes in the criteria could allow the US, Germany and Switzerland escape sanctions.

  • Board accountability: A new era

    July 12, 2016

    Efforts to improve tax transparency in the post-BEPS environment have shifted the tax accountability of corporations to their boards of directors. Keith Brockman considers the implications of these changes.

  • Brexit: Navigating the tax minefield

    July 12, 2016

    The UK’s vote to leave the European Union has spurred multinationals in the UK, Europe, North America and Asia to reconsider their operations in Britain. Anjana Haines looks at the potential tax implications of a post-Brexit UK and its relationship with the EU.

  • Brexit: Worldwide winners and losers

    July 12, 2016

    As the UK's relationship with the EU evolves following the vote to leave, many nations are considering how they can benefit from the UK's exit, or whether they themselves need to make changes.

  • June 2016

    The ITR Global Transfer Pricing Forum Europe, June 29 & 30 in Berlin

    June 09, 2016

    A rush of international taxation followed BEPS but did it bring clarity?

  • May 2016

    Tax talent: Developing a great team

    May 26, 2016

    While it may be difficult to change some of the individuals in your team, Keith Brockman believes it is possible to develop their skills in areas essential to future success, such as negotiation and leadership.

  • Asia Tax Forum 2016 - the full story

    May 26, 2016

    It was difficult to escape the overhang of BEPS at International Tax Review's Asia Tax Forum in Singapore this year.

  • Asia Tax Awards 2016

    May 26, 2016

    The official with ultimate responsibility for the introduction of goods and services tax (GST) in Malaysia won the award for Asia Tax Commissioner of the Year at International Tax Review’s Asia Tax Awards in Singapore on May 5.

  • Tax haven or …Tax hell?

    May 26, 2016

    The Panama Papers intensified pressure on David Cameron in the lead-up to London's anti-corruption conference. Oxfam released a letter – signed by more than 300 economists – hoping to put pressure on the Prime Minister to start eradicating tax havens.

  • Asia Tax Awards 2016

    May 09, 2016

    Congratulations to all the companies, firms and individuals that joined the International Tax Review at the 2016 Asia Tax Awards at the Goodwood Park Hotel in Singapore on May 5.

  • Malaysian customs chief wins top prize at Asia Tax Awards

    May 05, 2016

    The official with ultimate responsibility for the introduction of goods and services tax (GST) in Malaysia has won the award for Asia Tax Commissioner of the Year at International Tax Review's Asia Tax Awards in Singapore tonight.

  • April 2016

    Tax function of tomorrow: Automation and digitisation

    April 27, 2016

    Picking up on where we left off in the last installment, this issue of the Brockman Brief digs deeper into the tax function of tomorrow. Not only does an effective tax function depend on building the right skill-set, it must also include developing and making use of integrated technology and forming best practices.

  • Making plans: How tax planning is changing

    April 27, 2016

  • Post-Panama reflections: Black, white and grey lists

    April 27, 2016

    Poonam Khaira Sidhu, commissioner of income tax and joint secretary at the Indian Revenue Service – who holds a Michigan LLM in international taxation with a master’s in economics – reflects on tax competition, inequality, BEPS, information exchange and black, white and grey lists in the wake of the ‘Panama Papers’ leak.

  • China: China’s new VAT rates and rules across all industries

    April 27, 2016

  • What do the leaked ‘Panama Papers’ mean for taxpayers?

    April 04, 2016

    A massive leak of confidential documents from Panamanian law firm Mossack Fonseca has laid bare the tax arrangements of thousands of individuals including the heads of state of several countries.

  • Mergers & Acquisitions supplement now available

    April 01, 2016

    The 2016 Mergers & Acquisitions supplement is now available online.

  • March 2016

    The Brockman brief: The (post-BEPS) tax function of tomorrow

    March 30, 2016

    The evolution of international taxation, driven by the OECD’s BEPS Actions, is eliciting new ways of thinking about the effective management of an internal tax function.

  • Q&A: Rosen Group: Talking tax in turbulent times for the oil sector

    March 30, 2016

    Carolina Graterol, global head of tax and transfer pricing at Rosen Group, discusses boardroom expectations and the evolving role of tax across the company’s other functions.

  • FATCA and CRS: The end of an era

    March 30, 2016

    Sofia Stavridi, a Queen Mary University of London graduate now working in investment management tax services at a Big 4 firm in the UK, provides a refresher on FATCA and CRS, tracking the latest trends in global exchange of information, exploring the latest tax authority tools in this area and identifying what taxpayers can do.

  • Asia Tax Awards shortlists announced

    March 29, 2016

    The nominations for the Asia Tax Awards, which recognise excellence in tax advice to businesses in the region, are unveiled today.

  • Final phase of China VAT reform to be implemented

    March 10, 2016

    China’s Premier Li Keqiang announced during the fourth session of the 12th National People's Congress on March 5 2016 that the final phase of the country’s value added tax (VAT) reform will be rolled out starting from May 1 2016. From that date, property developers, and construction, financial and consumer services will fall within the scope of VAT and the reform project will be complete.

  • The Cunningham column: China drags its tax system into line

    March 09, 2016

    China has unveiled its plan for how its tax system operates and the different parts of if work together. Taxpayers calling for uniformity and consistency may be about to get their wish, believes Ralph Cunningham.

  • The tax transactional survey 2016

    March 09, 2016

    International Tax Review analyses global M&A trends from the past year and highlights the leading firms for tax transactional advice by jurisdiction.

  • State and local cooperation key to success of Chinese reform

    March 09, 2016

    The Chinese government published the long-awaited “Blueprint for Deepening the Reform of Collection and Administration Systems of State and Local Tax Administrations” on December 24 2015. In this article, Wang Jun, Commissioner of the State Administration of Taxation (SAT) explains how clarifying the roles and responsibilities of state and local tax administrations will help achieve a better tax system and make taxpayers happier.

  • China: China’s 150% super deduction regulation

    March 09, 2016

  • LONG READ: China's Tax Reform: The Blueprint for Deepening the Reform of Collection and Administrative Systems of State and Local Tax Administrations in China

    March 04, 2016

    The title is lengthy and unwieldy, but, as this translation, provided by the State Administration of Taxation shows, China’s ambitious tax reform, set out in 31 tasks, includes a focus on international tax cooperation and an explanation of what state and local tax authorities are responsible for and how they should work together. The goal is to establish a modern tax collection and administrative system by 2020.

  • February 2016

    Global agreement continues to expand international tax cooperation

    February 12, 2016

    Since June 1 2011, the amended Multilateral Convention on Mutual Administration Assistance in Tax Matters has been open for signatories from all over the world to adopt the most comprehensive multilateral instrument for all forms of tax cooperation to tackle tax evasion and avoidance.

  • Tax Accounting Leaders Guide 2016 – nominations now open

    February 02, 2016

    Who are the leading tax accounting and compliance advisers around the world? Make your nominations now.

  • The Brockman brief: Audit and risk transparency: Why it matters

    February 01, 2016

    ‘Transparency’ is the latest term of art that has emerged from the OECD’s Action Plan with respect to its base erosion and profit shifting (BEPS) initiatives. But the obvious question that has consciously been ignored in the public domain is: where are the matching transparencies regarding determination of tax risks and identification of substantive issues by tax authorities upon commencement and conduct of an audit?

  • Why international tax treaty networks are an Animal Farm

    February 01, 2016

    Fred Lo, vice president and global head of tax at Yanfeng Global Automotive Interiors, a joint venture between the automotive interiors businesses of Johnson Controls and Shanghai Motors, analyses recent tax treaty trends, focusing on mismatches in treaty terms and why some countries are more equal than others.

  • China: China’s VAT zero-rating concession for exported service scope expanded

    February 01, 2016

International Tax Review Profile

RT @CBItweets: UK needs a Budget that enables the country to grow its way out of austerity. Here are 5 business priorities https://t.co/CAw

Oct 19 2017 09:19 ·  reply ·  retweet ·  favourite
International Tax Review Profile

This year's World Tax directory is now online. How does your firm stack up? https://t.co/CtRbW1Ub5j

Oct 19 2017 09:13 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @AuroChardon: Let's honour the #memory of a brave #journalist and woman ➡️ vigil tomorrow, 18 Oct, 6pm, in front of Residence Palace #Da…

Oct 18 2017 04:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Big Soda scores victory as Chicago-area tax repealed - could this be the beginning of the end of the sugar tax trend?https://t.co/PNuafWHy9K

Oct 12 2017 04:03 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Ebay and Netflix pay total UK tax of less than £1.9m - How long until HMRC investigate their TP practices? https://t.co/VPPsT3aGMZ via @FT

Oct 12 2017 03:59 ·  reply ·  retweet ·  favourite
International Correspondents