Author: Jia Liu

The Tax Cuts and Jobs Act of 2017 (the “2017 Act”) eliminates miscellaneous itemized deductions as part of individual tax reform (this change will sunset on December 31, 2025). Prior to the 2017 Act, an individual taxpayer who took itemized deductions instead of a standard deduction could...

Five Things to Consider Before Expanding into China 1. Is the investment allowed under Chinese law? Although China has become increasingly receptive to different types of foreign investment, not all foreign investments are currently welcome or allowed. In 2017, China published a catalogue which contains guidance for different...

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