Tag Archives: China

China Ahead China v US Tax Disputes

China is pulling ahead in the ongoing China vs. US international tax disputes row. With each side throwing claim and counter-claim about it is impossible to untangle who started it or who is really to blame. The main weapon used … Continue reading

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China and Change to Rare Earths Taxation

Tax is often used as a leverage in power politics, always has, always will. Internationally I see China is considering a change to the way it taxes rare earths exports. This matters globally as rare earths are a group of … Continue reading

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China Improves Tax Breaks for Small Enterprises

China’s MoF (Ministry of Finance) has agreed that small and micro sized enterprises will be defined as having incomes up to RMB100,000 with effect from 1/Jan/14, up from the previous limit of RMB60,000. Such enterprises will now be able to … Continue reading

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A Great Victory: FMX Food Merchants v HMRC TC/2011/4985, 29/Nov/13

Following my win of a £1/2 million customs duty case for garlic importer FMX Food Merchants against HMRC in November, I have had several enquiries about this area of tax. Essentially, the Tax Tribunal held, following my submissions, that there … Continue reading

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Chinese Tax Revenues up by 9%

News is that Chinese tax revenues were up 9% in the first nine months of this year. This was mainly due to big rises in property tax receipts but VAT and personal tax takes rose too, tax fans. Eamon McNicholas … Continue reading

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Chinese Free Trade Zone in Shanghai vs City Regulation

The new Chinese free trade zone (FTZ) being rolled-out in Shanghai has controlled re-regulation at its core. This includes tax incentives, such as payment of tax by instalments. At the same time the regulation in the City of London makes … Continue reading

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VAT on Chinese Freight

As a Tax Barrister, with a particular interest in VAT, I note that China’s roll out of VAT went into its 2nd stage  1st August which means that  freight charges payable in China are now subject to 6 %  VAT. The Chinese Ministry of Finance … Continue reading

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