China asks for translation of OECD report
April 26, 2010
China has shown that it is taking a close interest in transfer pricing developments outside its borders by commissioning a translation of an influential international report.
The State Administration of Taxation (SAT) in China has asked KPMG, the professional services firm, to translate the OECD's Report on the Attribution of Profits to Permanent Establishments.
This is a significant development as China is not a member of the OECD and therefore does not have to follow any of the guidelines issued by the organsation.
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