It has been reported in the China Taxation News of 6 July 2012 (a tax newspaper under the supervision of the State Administration of Taxation) that the State Tax Bureau of Shenzhen has adjusted the profits of the Chinese subsidiary of a Fortune 500 company.
(a) Facts. The (technology) company in Shenzhen was incorporated in 2005 and realized CNY 10 billion revenue from its main business activities and CNY 2 billion business profit in 2006. In 2008, the year in which the enterprise income…
OrbitaxCase of transfer pricing adjustment published
