About this paper

The statement of G20 Leaders'Communique in Hangzhou Summit indicates the urgency of strengthening the managementof international tax information exchange. The rules of individual taxresidents and regulations regarding the tax payment outcome in the tax law ofChina decide the success or failure of China’s participation into internationaltax information exchange, and so to further improve the individual income taxfrom international perspective has become urgent and necessary. It should beunderstood that tax information exchange not only works an extension of taxcollection and administration approach but will also bring a great impact tothe issues such as the establishment of rules of individual residents, tax lawidentification of overseas structure, the settlement of double taxation,tracking of anti-avoidance which would be the inevitable results of internationaltax information exchange, and eventually lead to the systematic influence ofindividual income tax law amendments.

Reference

Cao Mingxing, Yang Houlu. TheInternationalization of Chinese Individual Income Tax Law in China: UrgentlyRequired Task against the Background of in the Automatic Exchange of TaxInformation [J]. International Taxation, 2016(12):38-46, total 9 pages.