With China moving from an export-driven economy to one that encourages domestic consumption, the traditional processing trade regime which has served China well in past decade is due for upgrading and modernisation. Such policy changes will bring both risks and opportunities to businesses. Alex Capri, Melsson Yang and Cheng Dong investigate.
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The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two
ITR’s most prolific stories of the year charted public pillar two spats, the continued fallout from the PwC Australia tax leaks scandal, and a headline tax fraud trial
The climbdowns pave the way for a side-by-side deal to be concluded this week, as per the US Treasury secretary’s expectation; in other news, Taft added a 10-partner tax team