Financial services – the last frontier for VAT reform

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Financial services – the last frontier for VAT reform

November 21 2012

Lewis Lu, Lachlan Wolfers and Christopher Abbiss agree that the future of China’s financial services industry is at a critical juncture with the proposed reforms of indirect taxes. The choices to be made will highlight whether the government favours international competitiveness and expansion of the sector over the maintenance of existing tax revenues.

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China (October 2012)
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