“May you live in interesting times!” – a Chinese saying, so it seems. This cannot be more apt when it comes to the development of tax policy in China over the past three decades. The last 30 years have witnessed tax policy changes of such magnitude that will not be seen in China for some time to come, say Eileen Sun, David Ling and Zichong Xu of KPMG.
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Pillar two might be top of mind for many multinational companies, but the huge variations between countries’ readiness means getting ahead of the game now, argues Russell Gammon, chief solutions officer at Tax Systems.