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Anti-tax Avoidance of Multinational Corporations under the Belt and Road Initiative in China
- 1 MacEwan University
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Abstract
In the context of expanding economic globalization, the numbers of the Multinational Corporation (MNC) have been increasing. “One Belt One Road” promotes the trade corporation between countries. In light of the MNCs implement various tax avoidance strategies, this has significant adverse impact on business environment and tax revenue. This article mainly relies on literature research and comparison of anti-tax avoidance Legal Framework between China and Canada. It explores different measures of anti-tax avoidance. China has experienced challenges with tax avoidance issue in the BRI, including lack of competitiveness of China’s Tax Rate, complexity of international taxation environment, and challenges of implementing Organisation for Economic Co-operation and Development (OECD) Pillar II Global Minimum Tax. Furthermore, comparing the anti-tax avoidance legal framework and differences in its GAAR respectively. The purpose is to design a tax system with Chinese characteristics. Effective anti-tax measures is very crucial for ensuring fair taxation and foster competitive business environment, and increase the public trust for China.
Keywords
Tax avoidance, One Belt One Road Initiative (BRI), Multinational Corporations (MNCs), Base erosion and profit shifting (BEPS)
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Cite this article
Wu,C. (2025). Anti-tax Avoidance of Multinational Corporations under the Belt and Road Initiative in China. Lecture Notes in Education Psychology and Public Media,79,67-74.
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Volume title: Proceedings of ICGPSH 2024 Workshop: Industry 5 and Society 5 – A Study from The Global Politics and Socio-Humanity Perspective
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