Financial services – the last frontier for VAT reform

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Financial services – the last frontier for VAT reform

November 21 2012

Lewis Lu, Lachlan Wolfers and Christopher Abbiss agree that the future of China’s financial services industry is at a critical juncture with the proposed reforms of indirect taxes. The choices to be made will highlight whether the government favours international competitiveness and expansion of the sector over the maintenance of existing tax revenues.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

China (October 2012)
more across site & shared bottom lb ros

More from across our site

Direct Tax
Female hand with megaphone on white background
Why in-house tax teams should do their own PR
Heads of tax need to push their teams forward as strategic business advisers to add value across the organisation, says Sandy Markwick
Sandy Markwick, April 25 2025
Direct Tax
White House large
This week in tax: Elon Musk and Treasury secretary clash over IRS leadership
Scott Bessent reportedly felt undermined by Musk naming Gary Shapley as acting IRS commissioner; in other news, Baker Tilly will combine with a top 15 US firm
Tom Baker, April 25 2025
Transfer Pricing
India investment
India’s record APAs a win for government efficiency: experts
The promise of nine years’ tax certainty and a ‘rational and pragmatic’ government process makes APAs a no-brainer, Indian tax advisers tell ITR
Tom Baker, April 24 2025
Transfer Pricing
digital tax
Fixing Italy’s approach to taxing digital business
Despite garnering significant revenues from multinationals, Italy’s digital services tax presents pressing double taxation issues, say Stefano Simontacchi and Francesco Saverio Scandone of BonelliErede
Stefano Simontacchi , April 23 2025
Direct Tax
Copy of What Corporates Want 2025 (1).png
Asian clients unimpressed with firms’ team depth, exclusive data reveals
ITR’s research shows that in-house tax counsel in Asia also feel underserved by their advisers’ international networks
Tom Baker, April 22 2025
Direct Tax
ITR Awards 2025 4c@4x.png
World Tax and ITR Awards: how to write a winning submission
World Tax global head of research Jon Moore tells ITR how his team spots standout submissions, and gives early statistical insights into this year’s entries
Tom Baker, April 21 2025
Direct Tax
This is the Australian Parliament House in Canberra. Which was t
Tax advisory regulation would be slashed under Aussie conservative government
Australia’s conservative opposition will repeal controversial tax agent reporting rules if elected in the country’s May general election
Tom Ravlic, April 18 2025
Direct Tax
Internal Revenue Serice Sign
This week in tax: Gary Shapley tipped to become acting IRS commissioner
Shapley would be the fourth person to hold the job this year; in other news, UK tax advisory firm MHA raised fewer funds than expected from its London IPO
Tom Baker, April 17 2025
Transfer Pricing
Masciangelo-Michael_BDO.jpg
‘General pause’ on pillar one in many countries: BDO tax leader
The US needs to be involved in pillar one for there to be more international acceptance of the project, Michael Masciangelo says
Sam Sholli, April 17 2025
Direct Tax
EY
EY’s regulatory troubles continue as FRC launches Post Office probe
The UK regulator is investigating EY’s auditing of the national postal service as it relates to the high-profile Horizon scandal, which saw hundreds wrongfully convicted
Tom Baker, April 16 2025
Gift this article