Hendren Global Group, China joins world anti-tax fraud endeavor

Hendren Global Group, China joins world anti-tax fraud endeavor China joins world anti-tax fraud endeavor Zhang Yuwei in New York (China Daily)-China is set to sign the tax-assistance convention with the Organization for Economic Cooperation and Development... More

Hendren Global Group, China joins world anti-tax fraud endeavor China joins world anti-tax fraud endeavor Zhang Yuwei in New York (China Daily)-China is set to sign the tax-assistance convention with the Organization for Economic Cooperation and Development (OECD) on Tuesday and will become the last in the Group of 20 economies to enter the major global convention on tax. On Tuesday, China’s tax head Wang Jun will sign the convention in Paris, which will be in force after three full calendar-months from its ratification. The convention — entitled Multilateral Convention on Mutual Administrative Assistance in Tax Matters – stipulates a structure for administrative collaboration between over 50 developing and developed nations in determining and collecting taxes, with emphasis on controlling tax evasion and avoidance. China’s inclusion in the group ratifying the convention signifies the world’s second-largest economy participating “in international efforts to fight tax avoidance and e Less