Against this backdrop, it is said that by the end of May this year, State Administration of Taxation will introduce a game-changing measure to clamp down on tax avoidance and evasion practices.

ANBOUND's research team is of the view that the move made by State Administration of Taxation helps to clamp down on global tax avoidance.

This is particularly so in light of the increased pressure on the taxation revenues in China, the multinationals in China will be the key targets for investigation and similarly, the Chinese enterprises that went abroad will be the targets of the foreign governments, and the related risk will increase correspondingly.