Michael Zheng
Address Details
Floor 13, Asia Mansion, No 650, Hankou Road, 200001 Shanghai
China
Telephone: +86 (21) 6135 6286 * 102
Fax: +86 (21) 6135 6267
E-mail: michael.zheng@corptax.org
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Personal Resume
Michael graduated from Shanghai Jiaotong University and started his professional career in Tax, Legal and Business Advisory division of PwC Shanghai.
During his years in PwC, Michael has built up knowledge with respect to PRC tax, customs and legal systems. He has extensive experience in advisory projects for multi-national corporations in their investment projects in China and is still providing on-going services to many of them.
Michael had worked with a lot of major global and domestic corporate clients including Anheuser-Busch, Boeing, Brocade, Condumex, DowJones, Equant, FCI, Ferrari, Garrigues, GE Plastic, Genie, General Motor, Marks & Spencer, Mitsui, Netease, Nippon Life, Tesco, UTT, Volkswagen, Wacker Chemical, etc.
Michael has become an expert in advising foreign investors in doing business in the different stages – planning in the pre-investment stage, setting up various business vehicles in China in the investment stage, advising clients on various PRC tax, customs, labor, foreign exchange and legal issues, assisting in some M&A transactions and advising on the disposal of China investment.
In addition to corporate tax planning, Michael also has extensive experience in assisting individuals, expatriates and Chinese nationals, to design and implement tax efficient packages to minimize Individual Income Tax in China.
During his career, Michael has also been seconded to a China Holding Company, invested by Germany headquarter, as a Great China Tax Manager for more than six months, developing and implementing the effective and efficient tax strategy and practices for all entities in China and ensure compliance with the tax laws and regulations.
Publications
China Tax and Business Newsflash 2012 - No. 1
China Tax and Business Newsflash Nr. 3, 2011: Reinvestment by China Holding Companies
China Tax and Business Newsflash Nr. 2, 2011: Remittance of Cost Reimbursement Items
Texel Alert Nr. 4, 2011: Transfer Pricing Controls
Texel Alert Nr. 3, 2011: Transfer Pricing Requirement
More information about China
With nearly 4,000 years of continuous history, China is one of the world's oldest civilizations. Prior to the 19th century, it possessed an advanced economy. However, in the 19th and 20th century, imperialism and civil war damaged this economy. In 1949, the Chinese Civil War ended after a major combat and two states calling themselves "China" emerged: The People's Republic of China (PRC), established in 1949, commonly known as China, has control over mainland China and the largely self-governing territories of Hong Kong (since 1997) and Macau (since 1999). In the 1970s, reforms led by Deng Xiaoping, known as the Four Modernizations, improved agriculture, industry, technology and defense, raising living standards and making the PRC one of the great powers. The Republic of China (ROC), established in 1912 in mainland China, now commonly known as Taiwan, has control over the islands of Taiwan, Penghu, Kinmen, Matsu, the Pratas island group, and a few other outlying islands. In the 1950s, change to economic policies in Taiwan transformed the island into a technology-oriented industrialized developed economy after a period of high growth rates and rapid industrialization. Historically, the cultural sphere of China has extended across East Asia as a whole, with Chinese religion, customs, and writing systems being adapted to varying degrees by neighbours such as Japan, Korea and Vietnam. Through its history, China was the source of many major inventions. It has also one of the world's oldest written language systems. (Source: Wikipedia)
