Anti-Avoidance special edition

Anti-Avoidance special edition

KPMG Taiwan has published this special edition to better prepare our readers for the anti-tax avoidance movement both domestically and internationally.

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Anti-Avoidance

Multinational companies through global supply chain distributions, and high net-worth individuals through global wealth configurations, have been able to obtain tax benefits by exploiting gaps and mismatches in tax rules, information asymmetry, investment holding structures inconsistent with economic substance, identity conversion or various contracts and other legal forms of trading arrangements. In recent years, there has been a growing trend of tax measure to prevent the exploitation of Base Erosion and Profit Shifting (BEPS). A global campaign led by the Organization for Economic Cooperation and Development (OECD) has resulted in the BEPS 15 action plans. The BEPS 15 action plans have already encouraged many nations towards tax reforms, as well as amendments to their respective domestic tax laws, including but not limited to the signing of bilateral and multilateral agreements and/or working together as part of a larger international community towards the same end goal of economic substance and tax transparency.

 

To provide readers with a clear and comprehensive understanding of BEPS and how its associated with Controlled Foreign Company (CFC), the actual management of Place of Effective Management (PEM), tax optimization of Value Chain Management (VCM), the PRC’s Announcement 42 on a three-tiered transfer pricing documentation framework and automatic exchange of financial information on Common Reporting Standards (CRS) related to anti-tax avoidance issues, KPMG Taiwan has published this special edition to better prepare our readers for the anti-tax avoidance movement both domestically and internationally.r 

Only the Chinese version of the publications is provided which can be accessed to the links below. 

They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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