Tax Planning

6 International Tax Planning

Tax Planning

Many of YINGKE VENSCO’s clients operating in China frequently require our advice in regards to maximizing their tax benefits by utilizing double tax and other bilateral and multilateral trade agreements. Our wisdom and expertise in this area has enabled us to provide well-informed consultation and guidance to our clients on the implications of such treaty agreements, as well as on impending regulatory developments that may affect their business operations.

Our services include:

  • Advice on Tax Planning Strategies in Accordance with Chinese Law and Customs
  • Tax Comparisons, Planning & Structuring to Reduce Company Tax Costs
  • Advice on Double Tax Agreements & Free Trade Agreements for Tax Advantages

Tax planning is a logical analysis of a financial situation or plan from a tax perspective, to align financial goals with tax efficiency planning. The purpose of tax planning is to discover how to accomplish all of the other elements of a financial plan in the most tax-efficient manner possible. Tax planning thus allows the other elements of a financial plan to interact more effectively by minimizing tax liability. Precise and well made tax plan is the key factor of a successful and lawful business..

Tax planning encompasses many different aspects, including the timing of both income and purchases and other expenditures, selection of investments and types of retirement plans, as well as filing status and common deductions. However, while tax planning is an important element in any financial plan, it is important to not let the “tax” tail wag the financial “dog.” This can ultimately be counterproductive, as virtually all courses of financial action will have some tax consequences, and they should not be avoided solely on this basis.