Tax Avoidance and Anti-Avoidance Measures in Major Developing Economies

Tax Avoidance and Anti-Avoidance Measures in Major Developing Economies

Tax Avoidance and Anti-Avoidance Measures in Major Developing Economies

Tax Avoidance and Anti-Avoidance Measures in Major Developing Economies

Synopsis

Tax avoidance has created problems with far-reaching implications for the economic development of developing economies. This book focuses on the issues of tax avoidance, as well as on measures designed to combat it, in China, India, Brazil, and Mexico, with a focus on China.

Excerpt

Currently, developing economies comprise over three-quarters of the world's population and contribute over one-third of the GDP of the world economy. These economies are expected to grow twice faster than those of G-7 countries in the next few years. With the unfolding globalization process, more production and distribution facilities are expected to shift to major developing countries, and their economic development will have a profound impact on the world economy.

Given the size of the market in developing economies and its eventual impact on developed economies, investors, business executives, accountants, economists, researchers, and students alike should have a better understanding of the business environment in these economies. This book provides an in-depth and comprehensive research study on one important aspect of that business environment in the four largest developing economies, namely, China, India, Brazil, and Mexico.

Tax avoidance and anti-avoidance measure is a complex topic that affects the performance of both business enterprises and the national economy. While each country has its own unique history, major developing economies do share many common characteristics in dealing with this problem. The main objectives of this book are to (1) explain the significance and environmental problems of tax avoidance in developing economies; (2) summarize and compare the tax systems in the four major developing economies; (3) study the institutional framework and analyze in detail the tax avoidance and anti-avoidance measures in the four economies; and (4) provide empirical evidence on tax avoidance in China, the largest developing economy, and identify the policy variables that have significant impact on tax noncompliance. Implications of the study for public policy makers, business executives, accountants, and other professionals are discussed. Two appendices are included to provide a handy reference for two important tax regulations in

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