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. Illustration: Perry Tse
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. Illustration: Perry Tse
Economy /  China Economy

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

Frank TangKaren Yeung
Frank Tang in Beijingand Karen Yeung in Hong Kong

Updated: 8:33am, 16 Jul, 2021

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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. Illustration: Perry Tse
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. Illustration: Perry Tse
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