French offshore trust anti-tax avoidance system and its enlightenment to China

DOI

10.2991/978-94-6463-098-5_85How to use a DOI?

Keywords

Offshore trust; Anti-tax avoidance; High net worth group; Controlled foreign enterprise; Tax regulation

Abstract

In China, where wealth is unevenly distributed, high net worth individuals transfer their assets to offshore trusts. It will lead to widening the social gap between the rich and the poor, destroy the normal tax order. At present, China's offshore trust tax system is incomplete, and the tax supervision measures are not perfect. This paper compares the anti-tax avoidance measures of offshore trusts in China and France through comparative analysis, and summarizes the shortcomings of anti-tax avoidance measures of offshore trusts in China. In addition, by referring to the tax practices of offshore trusts in France, this paper puts forward measures to improve the anti-tax avoidance of offshore trusts in China.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jinqiu Wang
PY  - 2022
DA  - 2022/12/27
TI  - French offshore trust anti-tax avoidance system and its enlightenment to China
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 744
EP  - 751
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_85
DO  - 10.2991/978-94-6463-098-5_85
ID  - Wang2022
ER  -