M&T Lawyers was interviewed on cross-border tax issues by Accounting Messenger

M&T Lawyers shared the ideas that countries in the world are active in the fight against cross-border tax evasion, and China has enacted laws and regulations since 2008 to prevent and regulate cross-border tax evasion. In this year, the State Administration of Taxation enacted an act about due diligence on taxation information about financial accounts of non-resident which indicates high net worth accounts has been regarded a high-risk group of cross-border evasion.
The senior partner of M&T Wu Libin said that on one hand, national tax and local tax authority should strengthen cooperation to make more efforts against combating with cross-tax evasion;on the other hand, tax authorities may take good advantage of internet to improve Structured Query Language. Besides, cultivating talents is important for cross-border tax evasion.