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Corporate inversion, the practice of reincorporating an American business in a different country, has been around for more than 30 years. But it’s only been in the last couple that it’s again become a hot topic in international business. If you’re considering an inversion as part of an international merger or acquisition, the clock is ticking, and it’s likely only a matter of time before regulators get rid of the practice — or at least make it much harder to pull off.

China’s tax systems are some of the most complex in the world. Regulations change at a rapid pace, so if you’re doing business in China or planning to take the leap, make sure you have good advice and systems in place for keeping up with the regular release of important information.