China - New efforts to combat aggressive tax planning, evasion 

September 30: China signed the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters in late August 2013. Thus, through tax information exchange and joint tax examinations with other member countries, China is raising its efforts to combat aggressive tax planning and evasion to a new level.

The OECD convention allows China to automatically or spontaneously exchange information with other signatories and conduct simultaneous tax examinations on a multinational company both within and outside China.


This “easy access” to a multinational company’s tax-related information from another foreign jurisdiction presents a new deterrent for any tax arrangement whose feasibility depends on its lack of full visibility to Chinese tax authorities.


Read a 2013 report [PDF 286 KB] prepared by the KPMG member firm in China: China joined global efforts to combat tax avoidance and evasion




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