Against the backdrop of the May 2016 meeting of the OECD Forum on Tax Administration in Beijing, the China’s State Tax Administration intended to showcase its efforts to adhere to global initiatives—such country-by-country reporting pursuant to the base erosion and profit shifting (BEPS) project and the automatic exchange of information under common reporting standard (CRS).
China’s tax authorities also used the OECD meeting as an opportunity to provide updates of China’s efforts with respect to the use of digital technologies and other improvements in tax administration.
Read a May 2016 report [PDF 219 KB] prepared by the KPMG member firm in China: OECD FTA pushes toward global tax coordination initiatives
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