Under the prevailing tax regulations in China, the conditions for corporate restructuring reliefs are either over-stringent or highly ambiguous. The 12th Five Year Plan has brought hope that things might get better on this front because the plan encourages industrial consolidation to improve domestic enterprises’ global competitiveness. The Chinese tax authorities may therefore see the need to relax or clarify the rules, point out Grace Xie, Vincent Pang and Abe Zhao of KPMG
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The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process