The Tax Consequences of Corporate Reorganisations in China

British Tax Review, Issue 3, pp. 340-353, 2011

15 Pages Posted: 31 Jul 2011

See all articles by Wei Cui

Wei Cui

University of British Columbia (UBC), Faculty of Law

Richard Krever

University of Western Australia Law School

Date Written: June 1, 2011

Abstract

The story of China’s income taxation of corporate reorganisations falls into four distinct periods. The first years of the development of a market economy were a period of benign neglect as tax authorities came to grips with a new tax system and some domestic taxpayers exploited unintended exemptions for reorganisation transactions. A dialectic emerged during the second period of reform with a shift towards a more conventional company tax system based on widely-accepted normative tax principles, while at the same time concessional rules were enacted for transactions favoured by the economic planners. The third stage saw a winding back of concessional rollovers while the current stage has seen a further rollback of some concessions and at the same time the introduction – and apparent importation from Western countries – of new ones.

Suggested Citation

Cui, Wei and Krever, Richard, The Tax Consequences of Corporate Reorganisations in China (June 1, 2011). British Tax Review, Issue 3, pp. 340-353, 2011, Available at SSRN: https://ssrn.com/abstract=1898845

Wei Cui

University of British Columbia (UBC), Faculty of Law ( email )

1822 East Mall
Vancouver, BC V6T1Z1
Canada

HOME PAGE: http://https://allard.ubc.ca/about-us/our-people/wei-cui

Richard Krever (Contact Author)

University of Western Australia Law School ( email )

M253
35 Stirling Highway
Crawley, Western Australia 6009
Australia

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