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Level of Proficiency.pdf

In view of the Coronavirus Disease 2019 (COVID-19) pandemic, governments around the world are introducing economic relief tools to lighten the economic stress for their citizens and businesses.  The Chinese Government has rolled out various tax incentives including enhanced deductions with a view to alleviating the cash flow stress for local economy.  Whereas for the US and with an estimated cost of approximately USD 2 trillion, the largest economic stimulus package in U.S. history was recently signed into law. The Coronavirus Aid, Relief, and Economic Security Act (known as the "CARES Act") contains numerous business and individual tax provisions aimed at providing an immediate stimulus to the US economy. U.S. Taxpayers should consider the tax provisions in the CARES Act with respect to their prior, current and future U.S. tax returns calculations and tax planning. Join us to get an update on the CARES Act and its potential opportunities to U.S. businesses and individuals.

In the seminar we will discuss:

  • An overview of the Chinese tax incentives and the CARES Act.
  • A summary discussion on tax relief and compliance requirements.
  • A discussion of how the measures will impact non-US companies with investments and operations in the US.