A look at the world's new corporate tax havens
An increasingly popular way, particularly pharmaceutical and hi-tech companies like Google avoid paying the 35 percent is to shift their patents, computer code, pill formulas, even logos from their U.S. bases to their outposts in low-tax countries.
"A hundred years ago, if a company would want to relocate, you know, you'd have to pick up a factory, machinery and move everything. Today, a company can move predominantly all of its assets just on paper," Swiss tax attorney Thierry Boitelle explained.
When a formula or a computer code is registered abroad - say in Zug - a U.S. company is allowed to claim a lot of its taxable profits are there, even if most of its sales are in the U.S.
http://www.cbsnews.com/stories/2011/03/25/60minutes/main20046867_page4.shtml Do you think China would allow Corps to RAPE them over Taxes
The 2011 corporate tax rate for domestic and foreign companies is 25%. An individual's capital gains are taxable in China at the rate of 20%.
Capital gains tax for a Chinese company is added to the regular tax. A 10% deduction at source is made from the capital gains of a foreign company in China.
http://www.worldwide-tax.com/china/china_tax.asp