In this episode of Cross-border Tax Talks, host Doug McHoney interviews Jenny Chong, PwC's Asia-Pacific regional leader, about the China tax system. They discuss corporate tax rates, tax incentives, cross-border transaction taxes, and the similarities between the Chinese and US tax systems, including the foreign tax credit and CFC regime. The conversation covers the indirect stock transfer rules, China's approach to Pillar 2, potential implications of the US-China tax treaty, and the impact of trade and tariffs on businesses. Finally, they touch on the current landscape for tax audits in China, focusing on tax incentives, beneficial ownership, and indirect stock transfers.
