Richard Meyer over at Compliance Week has done a fairly good job at discussing the increased focus on tax in China. Its a good, well-researched article that avoids the sensationalism one normally sees in such pieces. I think the following statement is particularly apt:
Tax compliance is the most tangible example right now. China’s long history [...]
2009 was a watershed year for tax in China. Whilst the Enterprise Income Tax Law (EITL) was introduced in 2008, it was 2009 in which the details of the new regime were revealed. And, as the saying goes, the devil is in the detail. 2009 saw a raft of measures and circulars issued by the [...]
With the commencement of the Enterprise Income Tax Law in 2008, China introduced thin capitalisation rules into its tax regime for the first time. For a fairly detailed examination of the rules up until December 2009 you can review an article I wrote on the rules here. The most important regulation in this area is [...]
I subscribe to the China Law listserve (as does just about every China on-looker) which provides excellent discussions on Chinese legal issues. The more regular contributors to the list serve are generally academics so much of the discussion takes a somewhat theoretical look at China legal issues and tends to focus on human rights/WTO issues. [...]