Finance and Taxation Working Group Position Paper 2019/2020 - 财务与税务工作组建议书 2019/2020 Go back »

  • Published on:
    2019-09-24
  • Category:
    Position Paper
  • by:
    Finance and Taxation Working Group / Forum
  • Keywords:

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Taxes, customs and levies are the essential tools of governments looking to finance national needs, administrative functions and public expenditures. Societies without functional financial systems cannot adequately cater to their citizens’ needs and thus struggle to fund public services. As well as citizens’ willingness to pay taxes, public entities that are efficient, transparent, and non-corrupt are critical to enabling steady fiscal revenue streams.

Businesses in China, including foreign firms, contribute to public development by paying taxes. Their investment decisions are less influenced by favourable tax policies and more by open, competitive landscapes, as well as by efficient regulations.

The Finance and Taxation Working Group consists of member companies that range from multinational corporations (MNCs) to law firms with operations in China. The goal of the working group is to engage in an effective dialogue with regulators so as to develop an integrated set of taxation, finance and accounting rules in line with international best practices. The working group's recommendations are not sector specific but rather represent the interests of all European Chamber member companies.

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