The Resource Current status of internet commerce and taxation problem in China

Current status of internet commerce and taxation problem in China

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Current status of internet commerce and taxation problem in China
Title
Current status of internet commerce and taxation problem in China
Creator
Subject
Language
eng
Summary
Retail commerce today has become increasingly internationalized through Internet transactions. Online business is the typical example and its operation is carried out without a national border. There is almost no limit on expansion. China is the most fertile ground in the world for this development due to its vast consumer market and enormous production capacity. Its volume of Internet commerce is growing at a lightning speed. As a result, every business is targeting China. However, Internet commerce involves the problem of sales tax. China's taxation system is so primitive and so incompatible with its economic power that there is a great need to understand its problem. This is especially true in cases where an international online retailer deals with a buyer or seller in China and how the transaction is taxed. This paper investigates what kind of tax is imposed and whose responsibility it is to collect tax. It shows there is a great difference in principle and in practice between China and the United States. Any international Internet commerce retailer must be aware of the differences and be prepared to deal with an unknown territory
Citation source
In: International tax journal. - Chicago. - Vol. 40 (2014), no. 2 (March-April) ; p. 17-26, 47
Language note
English
Label
Current status of internet commerce and taxation problem in China
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Publication
Label
Current status of internet commerce and taxation problem in China
Publication

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