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With the growth of the digitalized economy, VAT on cross-border digital supplies has emerged as an important issue. Yet, views and practices regarding the application of the VAT on these supplies differ significantly across different jurisdictions. A lack of international VAT harmonization can cause double taxation or unintended double non-taxation, resulting in distortions and revenue losses. VAT in the Digital Era considers unilateral and multilateral options for the creation of an internationally coordinated VAT framework. Providing analysis of the status quo in key jurisdictions, the book explores the implications of the digitalized economy for the VAT systems across borders. It outlines possible approaches that can be taken to achieve a more consistent international VAT treatment of cross-border supplies, and the extent to which a multilateral solution would be preferable and achievable at the international level. Bringing together contributions from leading international voices in the VAT law and policy and international taxation fields, VAT in the Digital Era addresses current issues and proposes ways to coordinate VAT rules on cross-border digital supplies. This new book is essential reading for academics, researchers, governments, and other financial organisations involved with the world's most important indirect tax.

Politicizing the soldier image in modern Chinese history -- Training model soldiers at the Whampoa Military Academy -- Enlisting citizens in the military mobilization of the nationalist state -- Wartime soldier support by urban intellectuals and professionals -- Creating gendered images of the soldier figure in literary works -- The construction of the soldier ideal by educated youths -- The army-people bond in mass culture in wartime Yan'an

Abstract
The Cambridge History of Chinese Literature is based on a "history of literary culture" approach that differs clearly from the standard literary-historical narrative favored by most Chinese scholars. The conventional approach to literary history tends to focus on the most engaging elements of a literary canon, while the history of literary culture model attempts to study literary texts in conjunction with their historical contexts. Based on historical documentation, this approach seeks to rehabilitate literary works that have been misinterpreted over time. With this approach, both texts and contexts are at the heart of literary history. If literary texts are restored to the context of their literary production, we are asked to reconsider the following three important research questions. Where did the texts originate? Why were they selected as part of the literary canon? What are their special characteristics and how are they related to other texts? Answers to these questions make literary research more varied and three-dimensional. In terms of theory, the contributors to The Cambridge History of Chinese Literature clearly aspire towards historicism. In their own writing, however, they seem willing to compromise and follow "a middle way" between conventional and alternative narratives of Chinese literary history.

Abstract
This article studies the development and distinct features of China's venture capital (VC) market, now the world's second largest. I show that the Chinese state has creatively adapted its involvement in VC to harness it for industrial policy—by working with private investors to target startups in key sectors, rendering state activism and vibrant entrepreneurship mutually supportive. This adaptation and China's embrace of transnational VC have created two varieties of VC with distinct investment patterns. Whereas return-driven VC, much raised overseas, has been active in backing platform companies, policy-guided VC has bet heavily on startups in prioritized sectors. This article challenges the view that vibrant VC and entrepreneurship are products of liberal market economies and the top-down portrayal of China's political economy. It also adds to the understanding of state–market relations in China by illuminating the process of adaptation and reinvention and by studying China through an explicitly comparative lens.

AbstractValue-added tax, the most common form of consumption tax in the world, operates on a destination principle to ensure it is levied only in the place of final consumption in cases of cross-border transactions. The international trade in services and intangibles through digital means poses two challenges: finding the place of consumption and collecting the tax when services supplied by businesses in one jurisdiction are instantaneously consumed by customers in another. This article examines these challenges and considers how unilateral action and soft international responses have so far failed to achieve consistent destination basis taxation. An alternative option would be to adopt a hard multilateral response that would overcome the limitations of unilateralism and soft-law approaches and achieve consistent destination basis taxation in the digitalised economy.

A sizable group of superwealthy business elites have emerged in China, now home to the world's second-largest number of US dollar billionaires. Whereas existing studies highlight how large fortunes confer enormous power to their holders, this article shows, through an original data set on China's top business tycoons, that they often have trouble sustaining their absolute wealth or relative position. It argues that a key source of concentrated wealth's fragility in China is autonomous and unchecked state power. While the state's developmental orientation has limited predation and facilitated wealth accumulation, its discretion in economic and legal matters allows it to discipline and punish tycoons whose behaviors have contravened its priorities. Leveraging the intensification of state pressure after 2012, the article further finds that business networks among tycoons alleviate threats from the state. The uneasy relations between the state and the largest capitalists set China apart from many capitalist societies.