Readers React: Tax havens prove alluring to China
Re “Alibaba plans giant IPO in U.S.,” Business, April 17
Like many Chinese tech and new-media firms, e-commerce giant Alibaba makes use of offshore corporate vehicles in the Cayman Islands. The other Chinese company mentioned in your article, Weibo, is also incorporated in the Caymans.
Given that the IRS’ tax filing deadline was April 15, it seems fitting to note that the attraction of the American exchanges for Chinese companies is not just better infrastructure and potential higher valuations, as your article suggests, but the convenience of offshore tax havens on our doorstep.
Bill Maurer
Long Beach
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