U.S. clients can’t ignore “the largest economy in the world and access to a highly motivated and educated workforce.”
via CalCPA
“There is no cookie-cutter approach for a U.S. business looking to expand into China,” says the managing partner at Rowbotham & Company LLP, citing “the fluid nature of tax and legal issues, and industries that are subject to special tax concessions.
The Cultural Revolution essentially banned scholars, lawyers and capitalists until they were welcomed back in the late 1970s. As one lawyer from China recently told me, you will not find many lawyers in their 60s and 70s, which means strategies that are well established in the West are still in their early stages in China.
In the CalCPA post, Rowbotham covers:
- Legal forms of doing business in China
- New Tax Regime
- VAT and Business Taxes
- Issues Unrelated to Tax System
- Foreign Holding Structures
See original at: Going Global: Doing Business in China
