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CHINA: "Taking Advantage of China’s New Tax Law: Transfer Pricing..." review

CHINA: "Taking Advantage of China’s New Tax Law: Transfer Pricing as the Key to Tax Planning in China". 4-page review by Baker & McKenzie.

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backCHINAtalk May, 2012

Asia Pacific Economic Outlook — April 2012 (China)

The April 2012 edition of the Asia Pacific Economic Outlook gives a near-term outlook for China, Japan, The Philippines, Singapore, and Taiwan.

China: China faces myriad questions pertaining to policy decisions as its leadership enters a transitional period. The direction of China’s economy remains a subject of debate. The Chinese government is trying to balance inflationary pressures against its desire to keep growth from falling too dramatically, and a soft landing remains a possibility.

Japan: The Japanese economy is slowly recovering, but the country confronts significant downside risks posed by the possible worsening of Europe’s sovereign debt crisis, escalating oil prices, and the possibility of a global deceleration. GDP growth is unlikely to be very high, but Japan’s economy could experience a period of stable growth over the next few quarters.

The Philippines: The Philippine economy is expected to grow at a modest pace of around 4.0–4.5 percent in 2012. External demand is expected to remain subdued, forcing the economy to rely on domestic consumption and investment. The government seems committed to spurring investment, and ample liquidity and stable inflation may foster healthy levels of household consumption.

Singapore: Economists remain less than optimistic about Singapore’s economic outlook. The government forecast for GDP growth stands between 1.0 and 3.0 percent, which is a significant deceleration from 2011. One of the biggest risks to the global economy is the price of oil, which can have a cascading effect on Singapore’s export-dependent economy.

Taiwan: Given the risks of inflation, currency volatility, and uncertain global demand, the recent optimism in the economy may be short-lived. Taiwan’s economic performance this year will depend on developments abroad, and private consumption alone may not be able to support growth beyond 3 percent.

To download 14-page report, please click here.

Source: Deloitte - GAI

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