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Research On The Legal Regulation Of Off-shore Company Tax Avoidance In China

Posted on:2011-05-05Degree:MasterType:Thesis
Country:ChinaCandidate:X M WeiFull Text:PDF
GTID:2166360305962485Subject:Economic Law
Abstract/Summary:PDF Full Text Request
In recent years, the trend of using offshore companies to avoid tax becoming ever more acute,China government has therefore suffered a huge loss of revenue.The main defects which remain in China legal system include:(a)the lack or ambiguity in definition of offshore jurisdictions and offshore companies, (b) the flawed system to regulate controlled foreign companies,(c) the scrappy criteria to define the related enterprises, (d) the lack of independent regulation of intangible assets and services of transfer pricing, and (e) the relative weakness of supervision of offshore funds.To more effectively regulate anti-offshore tax avoidance, the measures should be taken into cosideration, which include:(a)clearly defined defination such as offshore jurisdictions, (b)detailed presentation of controlled foreign company system, (c)unified standards for identification of related enterprises, (d)strengthening the regulation of invisible assets and transfer pricing services,(e) developing and improving measures against abuse in tax treaties, (f) keep monitor on offshore companies and (g)strengthening international cooperation in this regard.
Keywords/Search Tags:international tax avoidance, off-shore companies, controlled foreign corporation, transfer pricing, abuse of tax treaty
PDF Full Text Request
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