Ada C. 2024 | BASIS Independent Fremont
- Project Title: Politico-Economic Financial Foundations: US vs. China
- Basis Independent Advisor: Ms. Mariam Abodouma
- Internship Location: Shanghai, China
- Onsite Mentor: Yalin Le
I have always believed that the greatest learning opportunities come from disagreement and discussion. In my senior project, I will be examining the key differences between taxing legislation in the US and in China.
I will begin with researching the fundamentals of tax laws in both countries, their respective histories, as well as their effects on corporations and individuals. I will parallel this research with interviews with corporations large and small, gaining both qualitative and quantitative insight on their experiences and potential struggles in working with various tax regulations.
I will then travel to Shanghai, China, where I will intern under a senior CPA (Certified Public Accountant). This will include learning about the auditing process and interacting with a myriad of corporations, two of which I will interview in order to compare with my findings in the US.
Finally, I will synthesize my results, comparing and contrasting my findings in the two nations. Keeping the economic contexts of the two nations in mind, I will note my key findings down in a report that details the key differences in how the two countries operate.
I hope to walk away from this experience with not only an in-depth understanding of the economic nuances of the US and China but also concrete plans of action on ways we can improve upon our inefficiencies. This includes a short-term guide for businesses to minimize their struggles in dealing with taxes, as well as more long-term policy recommendations for both nations to make lasting reforms.