Are you cheating the Chinese tax authorities?
Mar 15, 2015
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.
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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