China among 130 countries to back global minimum corporate tax of at least 15 per cent

Source: China – South China Morning PostMost of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on where companies are taxed and a tax rate of at least 15 per cent, they said on Thursday after two days of talks.The Paris-based Organisation for Economic Cooperation and Development, which hosted the talks, said a global minimum corporate income tax of at least 15 per cent could yield around US$150 billion in additional global tax revenues annually.It said 130…Read More

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