China
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap
Major economies have expressed concerns, with China arguing a US global minimum tax exemption would be a violation of the principle of fair competition – ITR understands
A lack of commitment from major jurisdictions and the associated compliance burden are obstacles facing the OECD initiative
Effective audit management requires more than documentation; it’s the way taxpayers engage that can shape audit direction, manage procedural ambiguity, and preserve options for appeal or litigation
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Sponsored by KPMG ChinaXiaoyue Wang and Choon Beng Teoh of KPMG China explain the complexities of performing year-end transfer pricing adjustments in China, including their impact on customs and indirect taxes, and the possible longer-term solutions taxpayers can consider in managing their TP arrangements. -
Sponsored by KPMG ChinaLewis Lu of KPMG looks at a number of recent tax measures introduced for supporting small and medium sized businesses in China.
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Sponsored by KPMG ChinaNicole Zhang of KPMG China discusses the progress made on Hainan Free Trade Port and considers the unique features of this tax regime, relative to the standard mainland China tax rules.
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