China to Monitor Foreign Company Profits to Prevent Tax Evasion - Bloomberg

China to Monitor Foreign Company Profits to Prevent Tax Evasion - Bloomberg China will seek to have a “full grasp” of the profit levels of foreign companies to stop them from moving their profits out and eroding the tax base, according to a statement posted on the State Administration of Taxation website today, citing its deputy head Zhang Zhiyong. Authorities will also tighten management of tax practices by Chinese companies abroad, Zhang said. // 加强全球税收合作　打击国际逃避税——国家税务总局副局长张志勇答记者问

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