China News

New Zealand Tops World Bank's 'Doing Business' 2020

by Mary Swire, Tax-News.com, Hong Kong

Friday, November 8, 2019

New Zealand is the easiest place in the world to do business, according to the World Bank's new Doing Business 2020 report, which looks at the simplicity of setting up, operating, and paying taxes in 190 territories around the world. Read Full Story

OECD Seeks Feedback On Dispute Resolution In Ten Jurisdictions

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, July 25, 2019

The OECD has requested stakeholders' input on the dispute resolution processes in place in Andorra, Anguilla, Bahamas, Bermuda, the British Virgin Islands, the Cayman Islands, the Faroe Islands, Macau (China), Morocco, and Tunisia. Read Full Story

At UN General Assembly, OECD Urges Global Carbon Tax Action

Friday, September 28, 2018

Three years on from the commitments made at the 2015 United Nations Climate Change Conference (COP21) in Paris, the overwhelming majority of governments have not taken the necessary action to contain growing risks to the climate, says the OECD. It said, with emissions on the rise again, OECD governments need to get serious about shifting their economies to a low-carbon model and stop investing in carbon-intensive infrastructure. Read Full Story

First Tax-Deferred Pension Scheme Launched In China

by Mary Swire, Tax-News.com, Hong Kong

Thursday, June 14, 2018

China's Government announced recently that a local insurance company had issued the country's first tax-deferred pension insurance policy, saying it marked the beginning of tax-deferred pension plans in China. Read Full Story

Global Carbon Tax Take Up 50 Percent In 2017

by Ulrika Lomas, Tax-News.com, Brussels

Monday, May 28, 2018

Governments raised about USD33bn in carbon pricing revenue last year, a 50 percent increase from 2016, according to a new update by the World Bank. Read Full Story

China Pledges Tax Support For 'Belt And Road Territories'

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, May 22, 2018

The tax agencies of China and Kazakhstan, with involvement also from the OECD, hosted a three-day tax conference to discuss the provision of capacity building support from China for those countries that will be involved in China's Belt and Road Initiative. It was attended by more than 250 delegates from 49 tax administrations, four international organizations, and five academic institutions. Read Full Story

Macau To Sign OECD Multilateral Information Exchange Treaty

by Mary Swire, Tax-News.com, Hong Kong

Friday, May 11, 2018

Macau's Chief Executive has issued an order authorizing signature of the OECD Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information. Read Full Story

OECD Releases More Transfer Pricing Country Guides

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, April 12, 2018

The OECD has published new transfer pricing country profiles for Australia, China, Estonia, France, Georgia, Hungary, India, Israel, Liechtenstein, Norway, Poland, Portugal, Sweden, and Uruguay, bringing the number of such overviews published by the OECD to 44. Read Full Story

China Cuts VAT To Fuel Economic Growth

by Mary Swire, Tax-News.com, Hong Kong

Monday, April 2, 2018

China's State Council has announced a cut in value added tax rates as part of a CNY400bn (USD63bn) tax reduction package to stimulate growth. Read Full Story

China's New FM Confirms Tax Cut Plans

by Mary Swire, Tax-News.com, Hong Kong

Monday, March 26, 2018

China's new Finance Minister, Liu Kun, has announced plans to reform the nation's taxation system, including value-added tax rate reductions. Read Full Story

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