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China has ample room to absorb global minimum tax, but still prickly on issues of economic sovereignty

China has ‘ample room’ to absorb global minimum tax, but still ‘prickly’ on issues of economic sovereignty China is among 130 nations that have expressed support for a minimum global tax rate of at least 15 per cent, according to the OECD China is a magnet for global investors due to its huge market and established supply chain, rather than tax breaks it offers multinationals, experts say

Global corporate tax overhaul faces rocky road to completion | Hellenic Shipping News Worldwide

Global corporate tax overhaul faces rocky road to completion A long road strewn with potential political pitfalls lies ahead for countries seeking to end a race to the bottom on international corporate tax, even though 130 of them have agreed to overhaul the way multinationals are taxed. Nearly all 139 countries involved in talks at the Paris-based Organisation for Economic Cooperation and Development (OECD) last week backed plans for new rules on where companies’ profits are taxed, and a rate of at least 15%. With ink barely dry on the agreement, jubilant politicians in higher-tax countries declared that what French Finance Minister Bruno Le Maire termed the “most important international tax deal in a century” had ended tax competition among governments.

Yellen to press G20 for higher minimum corporate tax rate -U S Treasury

Yellen to press G20 for higher minimum corporate tax rate -U.S. Treasury 07/06/2021 | 03:42pm EDT Send by mail : Message : Required fields WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen will press G20 counterparts this week for a global minimum corporate tax rate above the 15% floor agreed by 130 countries last week, but a rate decision is not expected until future phases of negotiations, U.S. Treasury officials said on Tuesday. The specific rate, and potential exemptions, are among issues still to be determined after 130 countries reached an historic agreement at a Paris-based Organisation for Economic Co-operation and Development (OECD) meeting last week. The countries outlined a global minimum tax and the reallocation of taxing rights for large, highly profitable multinational firms.

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