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MNCs should be on alert over China transfer pricing

China will institute a profit monitoring system designed to detect multinational tax evasion, after announcing a back tax penalty on an MNC. Treasurers need to wary of China profit margins.
MNCs should be on alert over China transfer pricing

China’s State Administration of Taxation announced on December 1 it will set up a profit monitoring system on multinational corporates, after it charged an unnamed multinational hundreds of millions of yuan in back taxes.

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