Published on 01 Apr 10
by "THE TAX SPECIALIST" JOURNAL ARTICLE
Since 2008, the Chinese tax authorities have displayed an increased willingness to wield their new powers to prevent multinational companies from utilising related party transactions to minimise their profits in China. This new environment, and local practices, present challenges for all foreign companies operating in China. Yet, good tax compliance does not dictate that related party transactions should be avoided. Sensible and appropriate transfer pricing will still provide an opportunity for companies to legitimately reduce their tax burden.
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Shi works for Hwuason Lawyers.
Current at 1 April 2010