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
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

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

Topic |   China economy
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
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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