At the invitation of the College of Comparative Law, Ms. Wang Hui, Vice President of Linked-F Group, gave a lecture on the BEPS and Its Development in China to students on Xueyuanlu Campus on the evening of 12 April, 2019.
This lecture is the third of the serial celebrating lectures on the 10th Anniversary of the College. A/Prof. Xu Yan, Director of the Institute of Law of Hong Kong, Macao and Taiwan of the College, moderated the lecture.
Fortune Magazine lists China as the most promising sources of FDI. China has become an important driving source for global economic growth, and the internationalization of Chinese enterprises has also become an inevitable trend. In the meantime, rules transformations which take the legislation of BEPS (Base Erosion and Profit Shifting) as the key link are taking place in international taxation. Under such circumstance, Wang Hui analyzed the recent development of international tax law from a global perspective, and presented the lecture in three parts.
Wang first reviewed the origins of international tax agreements whose initial aim was to avoid double taxation and hence boosting economics. However, with the development of international trade, more multinational enterprises emerged and many of which started to take advantage of the shortcomings in international tax rules, the discrepancies of different countries’ tax systems and the loopholes in their tax administration to minimize their global tax burden. Some enterprises even made it to avoid taxation both in domestic and foreign, which results in the erosion of the tax base of many countries. Therefore, the G20 entrusted OECD to promote the implementation of the BEPS legislation as a part of international tax reformation.
Wang then illustrated fifteen action plans of BEPS and described a panorama of BEPS as a whole. Based on China’s position of “promoting international tax cooperation”, she analyzed the development of many international tax agreements in China, including the BEPS.
After that, Wang shared her years of experience in international tax practice. She provided the students with useful suggestions on how to build their core strength and skills to become a “T-type talent” in international tax as she placed great expectations on the development of international taxation and talent training in China.
Xu Yan summarized the lecture. She said that the lecture was rich in content and clear in logic. Based on the hot issues of international tax law, Wang Hui put theory with practice, presenting a thorough analysis and a wonderful academic feast to the audiences.
At the end of the lecture, Ms. Wang expressed her wishes on how to train legal talents with interdisciplinary education background. The lecture ended with warm applause, and the enthusiasm aroused by the lecture for the interdisciplinary study of international tax law will be passed on.
