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Removing Tax Barriers to China's Belt and Road Initiative

Removing Tax Barriers to China's Belt and Road Initiative

Author: Michael Lang; Jeffrey Owens
Publisher: Kluwer Law International
ISBN: 9789403501208
Published In: December 2018
Format: Hardback , 330 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

About this book:

Since its announcement in 2013, the Belt and Road Initiative (BRI), also known as the New Silk Road, has gradually gained international recognition. The ‘New Silk Road’ project has a potential to transform the global flows of trade and investment. It is increasingly recognized that tax has the potential to be a barrier in achieving these goals. The project requires not only extensive investment in infrastructure and transportation but also an acceleration of the internationalization of multinationals and supply chains in Belt and Road countries. The BRI marks a national push by China to increase economic links to Southeast Asia, Central Asia, Russia, the Baltic region (Central and Eastern Europe), Africa and Latin America, which will have major consequences for the way that tax systems interact.

What’s in this book:

Emerging from the research conducted by the WU Global Tax Policy Center in cooperation with several Chinese universities, this book offers fourteen policy-relevant research chapters prepared by international experts on the following issues analysing the tax environment within which the ‘New Silk Road’ will have to operate:

The New Silk Road: Will Tax Be a Facilitator or a Barrier?
Neo-BEPS: China’s Prescription for International Tax Reform Embodying the Rationality of the Belt & Road Initiative;
International Taxation Coordination under China’s Belt and Road Strategy;
Tax Issues in the Main Belt and Road Countries and Industries of China’s Outward Foreign Direct Investment;
Preferential Arrangements under Chinese Tax Treaties with Belt and Road Countries and Disputes Regarding Their Applicability;
Tax Planning by Going-Global Enterprises for Cross-Border Earnings: Observations Based on Belt and Road Countries;
International Taxation Issues under the Belt and Road Initiative: Corporate Income Tax Laws and Tax Treaties;
Financial and Tax Operations in the Five Central Asian Countries;
The Role of Border-Crossing Procedures in the Transportation of Goods along the New Silk Road;
Transfer Pricing Issues Related to the Belt and Road Initiative;
Tax Treaties between Belt and Road Countries;
VAT Challenges in the Belt and Road Initiative;
Global Tax Policy Post-BEPS and the Perils of the Silk Road; and
Creating a Positive Tax Climate for Complex Multijurisdictional Investment Projects.

Outcomes presented in the book consist of findings presented during Tax Policy Forum on the Belt and Road Initiative held on 12–13 June 2017 in Beijing, jointly organized with Peking University Tax Law Center and the Central University of Finance and Economics, Beijing.

How this will help you:

The analysis draws upon the expertise of representatives of European and Chinese Universities, which have been working together on these issues. This book will provide policymakers and businesses with a guide on how to deal with those tax issues. It would also facilitate international dialogue that is being currently undertaken.

Editors

Contributors

Preface

CHAPTER 1
The Belt and Road Initiative: Will Tax Be a Facilitator or a Barrier?
Jeffrey Owens

CHAPTER 2
Neo-BEPS: China’s Proposal for International Tax Reform from the Perspective of the Belt and Road Initiative
Cao Mingxing (Bristar)

CHAPTER 3
Research on the International Taxation Issues under the Belt and Road Initiative: Comparison of Corporate Income Tax Laws and Tax Treaties
Wenjing Wang

CHAPTER 4
Comparison of Tax Issues in the Main Belt and Road Countries and Industries of Chinese Outbound Foreign Direct Investment
Yang He & Ying Shaokai

CHAPTER 5
Preferential Treatment under Chinese Tax Treaties with Belt and Road Countries and Disputes Regarding Their Application
Cui Xiaojing

CHAPTER 6
Going-Global Enterprises: Tax Planning for Cross-Border Earnings in Belt and Road Countries
Cao Mingxing & Liu Qichao

CHAPTER 7
International Tax Coordination under the Belt and Road Initiative
Wenjing Wang & Hongyu Lai

CHAPTER 8
Analysis of Financial and Tax Operations in Five Central Asian Countries
Wei Tong, Jie Lei & Yaqiong Tian

CHAPTER 9
The Role of Border Crossing Procedures in the Transportation of Goods along the New Silk Road: The Impact of Technical and Administrative Requirements
Jasmin Kollmann

CHAPTER 10
Transfer Pricing Issues Related to the One-Belt-One-Road Project
Raffaele Petruzzi, Mirna Solange Screpante, Claire (Xue) Peng, Norbert Roller & Vladimir Tyutyuryukov

CHAPTER 11
Tax Treaties Between Belt and Road Countries
Sathi Meyer-Nandi, David Orzechowski & Vladimir Tyutyuryukov

CHAPTER 12
VAT Challenges in the Belt and Road Initiative
Yuliya Shved & Karoline Spies

CHAPTER 13
Asia: Global Tax Policy Post-BEPS and the Perils of the Silk Road
Romero J.S. Tavares & Jeffrey Owens

CHAPTER 14
Creating a Positive Tax Climate for Complex Multijurisdictional Investment Projects
Jonathan Leigh Pemberton & Alicja Majdanska

Index