part 4

part 4 is here and part 5 is on the 25th july. In case of Japan, where the special allocations are freely allowed, the proposal that the distribution of the profits or sharing of losses should be made in proportion to the actual capital contributions made by partners is being suggested since anti-avoidance rules are becoming too complicated due to the flexible rules for taxing partnership activities. In this regard, I think that multilateral considerations are required by referring to cases of other countries in preparation of anti-tax avoidance provisions in China.

Here's the continuation. Please check. part 4 is here and part 5 is on the 25th july.>> Correct. In case of Japan, where the special allocations are freely allowed, the proposal that the distribution of the profits or sharing of losses should be made in proportion to the actual capital contributions made by partners is being suggested since anti-avoidance rules are becoming too complicated due to the flexible rules for taxing partnership activities. >> Correct. In this regard, I think that multilateral considerations are required by referring to cases of other countries in preparation of anti-tax avoidance provisions in China. >> Correct.