Double Taxation Problems Between the People’s Republic of China and Hong Kong: From a Practical Perspective

• 발행기관: 한국회계정보학회
• 저자명: Pak K. Auyeung
• 간행물 정보: 『Journal of Accounting and Finance』Vol.4, 65~82쪽, 전체 18쪽
• 주제분류: 경제경영 > 회계학
• 파일형태: PDF
• 발행일자: 2005.12.30

영문 초록

When China reformed its tax system by introducing new taxes for joint ventures and foreign enterprises in the early 1980s, Hong Kong continued its colonial tax system. The co-existence of two different tax regimes has given rise to double taxation problems for businesses carrying on trade between Hong Kong and China. Since Hong Kong is a springboard to the vast Chinese market, the double taxation issues are not only a domestic concern but also of interest from an international perspective. This study attempts to examine the double taxation problems from 1980 to 1998 and analyses the practical effectiveness of the 1998 double taxation arrangement. In formulating the arrangement, lawmakers had flexibility in mind. Arguably, in achieving flexibility, they left some of the important issues that had existed during the 1980-1998 period unresolved, such as tax treatments for processing plants, withholding taxes on interest, dividends and royalty, and gains made by financial institutions from investment in Chinese stock markets through independent Qualifying Financial Institution Investors in the mainland.

목차

Introduction

An Overview of China’s Taxation System

An Overview of Hong Kong’s Taxation System

Double Taxation Problems: 1980-1998

The Double Taxation Arrangement

Double Taxation Problems After 1998

Conclusion

References

키워드

China Hong Kong double taxation problems