China And Bermuda Formally Sign Tax Information Exchange Agreement

2010/12/14 16:12:00 57

In December 2, 2010, the state

Tax administration

Deputy director Wang Li and MS. Paula Kecos, the prime minister and finance minister of Bermuda, respectively signed the People's Republic of China government and the Bermuda government on behalf of their respective governments in Hamilton, the capital of Bermuda.

tax revenue

The agreement on information exchange (hereinafter referred to as the tax information exchange agreement).

This is officially followed by the signing of a tax information exchange agreement with the Bahamas, British Vilgin, Isle of man, root West and Jersey.

sign

The sixth tax information exchange agreement.

With the further development of economic globalization, tax competition in some countries and regions has brought impact to the order of international tax collection and administration. The international community has paid great attention to it and called for tax pparency construction to curb harmful tax competition.

The signing of the hundred tax information exchange agreement has laid the legal foundation for the tax collection and management cooperation between the two sides. It is beneficial for both sides to prevent bad tax planning and promote the healthy development of both sides, and to further promote the establishment of a fair and equitable international tax order.