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Information Name: | China fully join the international anti-avoidance action |
Published: | 2015-02-05 |
Validity: | 30 |
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Quantity: | 1.00 |
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Detailed Product Description: | According to the G20 Leaders' Statement, to be completed by the end of 2015, plans to fight against multinational consensus on the implementation of tax avoidance. For China, this means that by fully join the international anti-avoidance action, to enhance their level of anti-tax avoidance, tax evasion multinational force blocking the channel. Currently, the global profits, including China, at least more than 50% involving international transactions, cross-border capital flows, increasing convenience, combined with "tax havens" such as low taxes, "depression" in the presence of a zero tax rate, so many multinational companies through cross-border transfer of profits other means to evade taxes, the international community must work together to reform the existing system of international tax rules. "G20 launched Entitled 'tax base erosion and profit transfer (BEPS)' action plan, called the past century the largest international tax system reform." International Tax Division State Administration of Taxation, said Liu Zhong body. G20 reform principles to determine the profits to occur in economic activity and value creation to taxation. Tax G20 consensus on the real economic activity in general-rich countries such as China and good for the tax havens and low-tax countries adversely. In recent years, the global anti-avoidance cooperative action of a wave after wave, China actively involved. In August last year, China became the first 56 signatories "Multilateral Convention on Mutual Assistance tax collection", which is China signed the first international multilateral tax agreements. According to the leaders of the G20 consensus, in order to prevent cross-border tax evasion, nearly 100 countries and regions committed to implementing the financial accounts and other tax information is based on the automatic exchange of standards. China fully join the international anti-avoidance actions, international exchange of information between tax is an effective means to strengthen anti-avoidance. Body Liao Zhong told reporters that China introduced in 2008 corporate income tax law prospectively established a more advanced anti-avoidance legal framework, in recent years, continue to strengthen our anti-avoidance, direct contribution to revenue from 2005's 460 million yuan up to 2013 of 46.9 billion yuan. Articles from http://www.cnbs.cc/news2014/141124.php |
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Technical support: ShenZhen AllWays Technology Development Co., Ltd.
AllSources Network's Disclaimer: The legitimacy of the enterprise information does not undertake any guarantee responsibility