Chinese taxation authorities pledged to step up supervision of - TopicsExpress

Chinese taxation authorities pledged to step up supervision of multinational companies on Monday in a campaign to crack down on tax evasion. A company may erode a countrys tax base by using a number of schemes to shift profits across borders, taking advantage of tax rates that are lower than in the country where they earn the profits. China is the worlds largest destination for foreign direct investment and faces the challenge.

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