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China’s Likely Bid for Tax Exemption Poses Risk to Global Accord
Bloomberg 2 hrs ago
(Bloomberg)
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Rich nations are bracing for China to seek exemptions from a global minimum corporate tax, a potential stumbling block for governments racing to reach wider international consensus on the plan next month.
Some officials see China as not easily signing on to the global minimum tax rate of at least 15% endorsed by Group of Seven finance ministers last week, people familiar with the discussions said on condition of anonymity because of the sensitivity of the talks.