On June 3, 2022, 28 Chief Financial Officers (CFOs) of major U.S. corporations (see notes for a list) signed a letter to U.S.
International Comparison of Inheritance Tax System and China’s Choice
The collection of inheritance tax The inheritance tax originated in ancient Egypt more than 4,000 years ago. The purpose of the levy was to raise
Shenzhen Customs and taxation implement coordinated management of transfer pricing of related imported goods, reduce tax compliance costs, and improve tax certainty
For a long time, the different requirements of customs valuation and tax transfer pricing have brought many problems to the tax compliance of
The Chinese version of “Pillar One Amount A: Tax Base Determination Legislative Template Public Discussion Draft”
Introduction After years of intensive negotiations to update and fundamentally reform international tax rules, 137 jurisdictions within the
The tax risk of improper signing of cross-border transaction contracts is “approaching the door”
Source: China Tax News Data from the National Bureau of Statistics shows that in the first quarter of 2022, my country's total import and export
New tax rebate measures to boost exports
In order to help foreign trade enterprises alleviate their difficulties, the State Administration of Taxation issued the "Announcement on Further
Comparison of Chinese and U.S. Corporate Tax Systems found that if the Biden administration’s proposed tax increase measures are passed, the tax bias against U.S. domestic investment will further deteriorate
Source: American Tax Foundation Compilation: Smart Finance International Tax Service Team Recently, the Tax Foundation published a research
Meal and Beverage Expense
Entertainment 100% Nondeductible Certain narrow exceptions to the 50% limitation allow taxpayers 100% deduction for qualifying food and beverage
Foreign Branch
In December 2018, IRS issued revised instructions to form 8858 which expanded the requirements to file this form to include the reporting of foreign