We have a team of China tax experts that are lawyers, CPAs, auditors, and forensic accountants trying to keep up with the changing tax issues. We collectively have confronted the fact that the tax base has shifted from a sole reliance upon the Tobacco Monopoly Tax Authority (China’s largest taxpayer) we spend a great deal …
What is the state of play on China being called a market economy, and what effect does this continue to have? November 2017 The United States has formally told the World Trade Organization (WTO) that it opposes granting China market economy status, a position that if upheld would allow Washington to maintain high anti-dumping duties …
Some commentators have said that there were fundamental misalignments in understanding when China joined the WTO and we are now seeing these differing views play out on the world stage. Do you agree with this assessment? How could a compromise be found, short of going back and renegotiating, or fighting it out in a trade …
How does the US Section 301 law affect the China-US dynamic? Section 301 of the U.S. Trade Act of 1974 , authorizes the President to take all appropriate action, including retaliation, to obtain the removal of any act, policy, or practice of a foreign government that violates an international trade agreement or is unjustified, unreasonable, or …
How different is Chinese law on financial and banking standards from what the US considers the international norm? Most of China’s financial institutions are state owned and governed.[116] The chief instruments of financial and fiscal control are the People’s Bank of China (PBC) and the Ministry of Finance, both under the authority of the State …
How intermingled are political issues with legal issues? In what ways are national and international law being used to pursue political aims? Can they be separated? In this case certainly both sides, in China and in USA, laws are being used to pursue political objectives. At a very basic since, political objectives are prime purpose …
The Chinese law on technology transfer for foreign companies is a major complaint of the US – Trump says China is stealing US technology and intellectual property. What is the Chinese view on this? What does international law have to say about it as a contractual obligation for foreign firms? The requirement that foreign companies …
China regards the initial round of US tariffs as a unilateral violation of global trading rules and has lodged a complaint with the WTO. How do you see this course of action playing out? WTO complaints take years to resolve and often there is no enforcement mechanism. Compliance is voluntary. China itself as delayed implementation …
In terms of law, both national and international, what issues are driving the actions that have resulted in trade tensions rising to such a high level? The Trump administration has resorted to tariffs as a means to impose costs on China for behaviors that the USA has long been unsatisfied with. Chinese laws and policies …
What about other ways to deal with the distracted walking? Enhance the level of self-discipline by wide spreading and reporting the bad sides and effects of the distracted walking such as the injury and death cases happened already and educating people, especially youths in classes not to watch mobiles phones on the road.
