Colin

In order to improve the business environment, the Chi

ese government has launched a series of measures to continually reduce burdens for taxpayers, an

d the annual plan for 2019 is to cut 2 trillion yuan ($300 billion) in taxes and fees.

“Effects have been seen recently. In the first two months, 182.85 billion yuan in taxes and fees were furth

er reduced,” Wang said. “The Chinese tax authority will do all it can to achieve the target.”

“International tax cooperation is not and has never been easy. But we

do need a multilateral approach,” said Vitor Gasp

ar, director of the Fiscal Affairs Department at the International Monetary Fund.

“BRITACOM has a role to play in fostering a multilatera

l cooperation approach to taxes, and it can help tax adm

inistrations share best practices and build a foundation for cooperation,” Gaspar said.

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