Daily Query

 Says shortfalls need urgent reconsideration to attain stated objectives of tax reform Seeks action on controlled foreign companies, taxation of non-resident persons, imposition of tax, deductions allowed, others Calls for exclusion of withholding tax on insurance premiums paid to non-residents Global advisory

The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 69 pips to 7.0128 against the dollar on Friday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed