or no-tax locations where there is little or no economic activity. China has taken further steps to crack down on tax avoidance by signing the Base Erosion and Profit Shifting project. The project is designed to help Chinese companies avoid paying taxes in countries where they don't have a presence. Wang Jun, commissioner of the State Administration of Taxation said the agreement demonstrated “China's commitment to implementing international tax rules”.
China has taken further steps to crack down on tax avoidance by signing the Base Erosion and Profit Shifting project. The project is designed to help Chinese companies avoid paying taxes in countries where they don't have a presence. Wang Jun, commissioner of the State Administration of Taxation said the agreement demonstrated “China's commitment to implementing international tax rules”.