An October article in China’s government-run People’s Daily newspaper condemned multinational corporations for evading taxes. The article urged the government to prosecute those who moved money out of China through offshore structures and investments. Tax professionals say the article is a telling sign of China’s crusade to retain its fair share of tax income.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
Authors from Khaitan & Co evaluate the recent CBDT notification, whereby legacy investments made by investors continue to be exempt from the applicability of GAAR
Geopolitical rivalry is reshaping global tax cooperation, as the OECD’s minimum tax framework fragments and the EU grapples with the ensuing legal fallout
Chile’s revamped GAAR marks a shift toward structural scrutiny, pushing MNEs to strengthen tax governance, economic substance and compliance strategies