China to champion revamp of global corporate tax rules
By Zheng Yangpeng | China Daily | Updated: 2015-09-30 08:10
China will be at the forefront of embracing the emerging international tax rules to combat base erosion and profit shifting, known as BEPS, as it shifts toward becoming a "capital-export" country, said senior EY executives.
"China is not going to be a laggard. A lot of small developing countries are in a wait-and-watch mode, but China is definitely not," said Jim Hunter, Asia Pacific Leader of EY.
His comments assume significance in the run-up to the October 5 release of recommendations by the Organization for Economic Cooperation and Development for the 15-point "Action Plan" on BEPS.
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