China's top 3 tax traps … and how to get out of them
It’s not just socialism that has Chinese characteristics. Tax laws, too, have their own very Chinese set of peculiarities and pitfalls. CT presents a primer on avoiding common tax traps.
For multinational companies (MNCs) negotiating China’s tax laws, the landscape can be arcane, difficult to predict and inconsistently applied. Tax firms report clients sometimes face tax rates that vary from 10% to as much as 50% for the same goods and services.
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