Source: China – South China Morning PostChina’s decision to back a global overhaul of cross-border taxation aimed at preventing a race to the bottom on tax rates and halting multinational tax evasion is likely to hinge on diplomatic calculations as much as economic concerns, according to experts.The Paris-based Organisation for Economic Cooperation and Development (OECD) said last week 130 nations, including China, had supported a proposal for a minimum tax rate of at least 15 per cent pushed by US President Joe Biden.The agreement…Read More