The Sino US Chamber Of Commerce Supports A High Standard Bilateral Investment Agreement.
China International Chamber of Commerce
(CCOIC) the joint China National Trade Commission (USCBC) issued a joint statement expressing its full support for a high standard Sino US bilateral investment agreement (BIT) as soon as possible.
CCOIC and USCBC welcomed the recent achievements of the strategic economic dialogue between China and the United States on the BIT issue, and will actively promote the negotiations between the governments of both sides on BIT.
In October, the dialogue between Chinese enterprises and the US BIT negotiating group held in Beijing was fruitful.
CCOIC
and
USCBC
Both pointed out that Sino US bilateral investment has great potential. Foreign investment is beneficial to the economic growth and employment of China and the United States, and also provides consumers and consumers with the choice of new products and services.
In addition, the achievement of BIT will also create a better framework for developing healthy and mutually beneficial investment relations between the two countries.
Accordingly, CCOIC and USCBC called on the two governments to reach a high standard bilateral investment agreement to promote bilateral investment cooperation and to add new impetus to the economic and trade relations between the two largest economies in the world.
Related links:
According to the leaders' statement of the G20 summit, a consensus was reached by the end of 2015 to complete the plan to jointly combat tax avoidance behaviors of multinational corporations.
This means that China can enhance its anti avoidance level by fully acceding to the international anti tax avoidance action and stop the tax avoidance channels of multinational companies.
"The action plan launched by G20, called tax base erosion and profit pfer (BEPS)", is the largest reform of the international tax system in the past hundred years.
Liao Tizhong, director of the international taxation department of the State Administration of Taxation, said.
The international rule of income tax was established in the 20s of last century after the end of the first World War. It has been running for nearly a hundred years and is suitable for the traditional economic era, and it solves the problem of double taxation in the initial stage of economic globalization.
At present, more than 50% of the global profits, including China, involve international pactions, increasingly convenient pnational capital flows, and the existence of low tax rates and zero tax rates, such as "tax haven". Many multinational companies evade paying taxes through cross-border pfer of profits and other means. The international community must join hands to reform the existing international tax rules system.
The principle of reform as determined by G20 is that profits are taxed in the place of economic activity and value creation.
Some people in the industry also pointed out that China is the "world factory", creating the value of the world, and China is also the world market, realizing the value of the world.
Generally speaking, the G20 tax consensus is beneficial to China and other countries with rich economic activities, but not to tax havens and low tax countries.
In recent years, global anti tax avoidance cooperation has gone through a wave, and China is actively involved in it.
In August last year, China became the fifty-sixth signatory of the Convention on multilateral tax collection and mutual aid. This is the first international multilateral tax agreement signed by China, which means China has upgraded its anti tax avoidance and international tax administration system by joining the international anti tax avoidance action.
According to the consensus of leaders of the G20 summit, in order to prevent cross border evasion of taxes, nearly 100 countries and regions promised to implement the automatic exchange standard of financial account information on a peer-to-peer basis.
China's full entry into the international anti tax avoidance action and international tax information exchange is an effective way to strengthen anti tax avoidance.
As the largest importing country of foreign direct investment, China has already begun to take the initiative in anti tax avoidance by multinational corporations.
Liao Tizhong told reporters that China's enterprise income tax law, which was introduced in 2008, has set up a more advanced legal framework for anti tax avoidance. In recent years, China's anti tax avoidance has been continuously strengthened, and its direct contribution to taxation has risen from 460 million yuan in 2005 to 46 billion 900 million yuan in 2013.
- Related reading
Draft List Of The First Batch Of Designated Registered Substances Announced By South Korea REACH
|- Management treasure | Why Did She Sell Clothes When She Entered 100 Thousand Of The Clothing Shopping Guide Cases?
- News Republic | The First Performance Of Listed Companies Is Good, Mu Shang Group Speeds Up The Digital Upgrade.
- News Republic | Pandora's Second Quarter Profit Slump Will Cut 1200 Employees.
- News Republic | A Good Card Is Bad, Dugbana Loses The Luxury Label.
- Fashion brand | The 2019 "B." LOGO Bag Series Released By Paris Is Highly Recognizable.
- News Republic | Zara Statement: No Support For Strike
- Teach you to open a shop | What Are The Skills Of Placement And Arrangement For Clothing Franchisees?
- Teach you to open a shop | How Can Women's Clothing Store Be Well Stocked For Holidays And Marketing Skills?
- Management treasure | Practical Skills Sharing In Late Summer 2019
- Commercial treasure | How Can You Do A Replenishment Job When You Open A Women's Clothing Store?
- The Korean Government Encourages Korean Enterprises To Trade With China In Renminbi Settlement.
- Small Fragrant Wind Two Sets Of Temperament Ladies Must Single Product
- Draft List Of The First Batch Of Designated Registered Substances Announced By South Korea REACH
- Sweater Skirts Are Always Sweetness And Age Is Slim.
- Lee Da Hae VS Kong Hyo Jin Korean Drama Queen'S Clothing Products Which Is Strong?
- Japanese Customs Detained Goods From China, Accounting For 93% Of Intellectual Property Infringement.
- The Comfort And Uniqueness Of Dermis Should Be Passed On To Consumers.
- Trousers OUT, Overcoat And Underpants Are The Most Thin.
- Winter Street Takes Best Partner, Woolen Coat And Dress.
- Custom Featured Clothing 3D Printing Elegant Skirt