There’s also a big anti-avoidance element to this Budget. They’re really trying to go for raising uncollected taxes and getting, hiring more people for the Inland Revenue and so on for HMRC. I think that’s another area where there’s got to be questions about whether they’ll get as...
The Shanghai tax authority considers that ABC Ltd has a China permanent establishment and so has assessed ABC Ltd to enterprise income tax (EIT) on the service fee based on a deemed profit rate of 20%. Consultancy service fees are subject to VAT at the rate of 6%. How much enterprise in...