Why Your Company Needs to Know About China’s Permanent Establishment Crackdown
Velocity Global
JANUARY 27, 2021
China reduced taxes in 2019 to jumpstart an economy suffering from a trade war with the U.S. The government extended tax cuts into 2020 as the COVID-19 pandemic sent financial shockwaves through domestic and international markets. With China expected to lead the worldwide economic recovery in 2021 , the country is resuming normal tax activities. International legal professionals expect Chinese tax authorities to recover lost revenue by increasing audits on foreign companies operating in the cou
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