One Belt One Road (also known as New Silk Road) is the latest hot development strategy and framework proposed by the Chinese government. It focuses on cooperation and infrastructure along the land (the “belt” connecting China, Central Asia, Russia and Europe) and sea (the “road” linking China to ASEAN, India, Africa) trade routes. The purpose is to sustain the investment and growth in China as well as to stimulate economic and financial integration internationally. One Belt One Road – the roles

For centuries, Double Taxation Agreement has been developed to eliminate double taxation on an individual or corporation in supporting the growth of the global economy. This development has ended up facilitating double non-taxation and led to a critical situation with increasing people avoiding tax in worldwide. “Times magazine” revealed that Google has shifted billions of revenues arising in the U.S. to shell companies established in five countries including Ireland and the Netherla

The Unique Qianhai Qianhai, known as Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, is located at the west of Shenzhen NanShan peninsula, a place that take less than an hour away from Zhuhai, Zhongshan, Guangzhou and Dongguan and which is within a 30-minute traveling radius of Hong Kong. Under the supervision of the Shenzhen Planning Department, Qianhai has transformed itself from waters into a 14.92-square kilometer piece of land. The zone is divided into “three area

In the United States, there are an increasing number of offshore multi-national corporations and business investments. The frequent economic activities have made it difficult for the government to monitor tax evasion. Under such circumstances, the U.S. Treasury Department and the Internal Revenue Service (IRS) has enacted Foreign Account Tax Compliance Act (FATCA), which is designed to combat tax evasion by U.S. taxpayers using non-U.S. accounts. FATCA is a United States federal law that require

The global financial tsunami in 2008 has caused the most severe recession since the Great Depression in the 1930s, driving the global economy to collapse, especially in developed countries. The economic growth in developing countries such as China was also impacted by the financial crisis. According to the China Review News, it had a significant negative impact on its manufacturing industry and traditional industrial sectors, including cement, iron and steel industries as well as energy industry