Dear Working Group Members,
The European Chamber is delighted to invite you to join the Finance & Taxation Working Group Meeting: Localization of BEPS Actions in China on Thursday 13:30 -15:30, 14 January 2016 at the European Chamber Beijing and Shanghai Office.
Base Erosion and Profit Shifting (BEPS) refers to tax planning strategies that exploit these gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity, resulting in little or no overall corporate tax being paid. BEPS is of major significance for developing counties due to their heavy reliance on corporate income tax, particularly from multinational enterprises (MNEs).
Following the OECD’s release of ‘2015 Deliverables’ under BEPS initiative, the Chinese State Administration of Taxation (SAT) have set out new guidance which large clarifies how China plans to ‘localize’ the BEPS recommendations.
To offer a comprehensive discussion, the European Chamber has the honor to invite Mr Andrew Choy, Partner, International Tax Services, Ernst & Young, Ms Kena Qu, Senior Manager, Transfer Pricing and Business Advisory, Ernst & Young, and Mr Paul Tang, Partner, Transfer Pricing Services Practice, PwC to deliver presentations to provide a detailed analysis on this topic.
Agenda:
13:00 – 13:30 Registration
13:30 – 14:30 Presentation: Recent BEPS actions taken by the Chinese tax authorities and impacts on foreign companies doing business and investing in China by Mr Andrew Choy and Ms Kena Qu
14:30 – 15:00 Presentation by Mr Paul Tang
15:00 – 15:30 Q&A and Discussion
Best Wishes for the New Year!