Structures Lacking Substance and Business Purpose Come under Further Challenge

Journal
Finnerty, C.J.; Lai, B.C.
China
Asia-Pacific Tax Bulletin 2009 (Volume 15), No. 6
PriceUSD 45

This article discusses the Chinese government's increased enforcement efforts to tackle potential abuse of tax treaty benefits via structures and transactions which lack business purpose and/or commercial substance. It also highlights the areas an entity should focus on to minimize the risk of tax treaty benefits being denied.