International Tax Alert - January 2015

January 2015

The United Nations ("UN") subcommittee on Base Erosion and Profit Shifting ("BEPS") Issues for Developing Countries has recently released China's responses to its questionnaire about countries' experiences regarding BEPS issues, along with responses received from other developing countries. In response to the UN questionnaire in late 2014, the Chinese State Administration of Taxation ("SAT") said that it views the transfer pricing actions of the international project to combat base erosion and profit shifting as the most important items in the project. This thought leadership piece summarizes the SAT's responses.