Global Financial Crisis Only an Excuse

  • Jian LiEmail author
  • Alan Paisey


A Chinese subsidiary sells its products to domestic-related companies as well as to the overseas parent company. It also paid technical usage fees and trademark usage fees to the parent company, as indicated in Fig. 34.1. For 12 years, the gross margins were around 24%, and, on average, the operating margin was around 9.56%.

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© The Author(s) 2019

Authors and Affiliations

  1. 1.Kunda Tax Consulting (Shanghai) LimitedShanghaiChina
  2. 2.ChristchurchNew Zealand

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