10-25-2007, 03:46 PM | #1 |
Assistant to the Regional Manager
Join Date: Aug 2005
Location: The Orgasmatron
Posts: 24,338
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Has anybody read this site?
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10-25-2007, 04:35 PM | #2 | |
Senior Member
Join Date: Oct 2007
Location: Orange County, CA
Posts: 9,483
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Quote:
Several of my clients have WFOEs in China, (ranging from pretty extensive manufacturing operations to computer coding and support for domestic entities) and the issue is, for audit and FIN48 purposes, how to properly value the WFOE on the US parent's Q's and K's....not so much from a transfer pricing standpoint, but from on overall bill of health. China's deliberate attempts to keep their currency undervalued right now is making a mess for other asian economies. Come on, China....get the lead out!
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