Preventing VAT Evasion in China: Lessons from Europe
VAT was first introduced in China in 1979 as an experiment, and was officially imposed in 1984. Since then VAT has been contributing a substantial portion to tax revenue of the state. China, like any other countries in the world, has been facing enormous VAT fraud/evasion, including but not limited to phony VAT invoices fraud and export VAT refund fraud. China has been planning to promulgate a VAT