The Group of Seven advanced economies agreed in June on a minimum tax rate of at least 15 per cent, and Group of 20 finance ministers also backed the plan this month. Photo: AP The Group of Seven advanced economies agreed in June on a minimum tax rate of at least 15 per cent, and Group of 20 finance ministers also backed the plan this month. Photo: AP
The Group of Seven advanced economies agreed in June on a minimum tax rate of at least 15 per cent, and Group of 20 finance ministers also backed the plan this month. Photo: AP

Asean nations left ‘exposed’ by global minimum corporate tax seen forging closer ties with China

  • New international tax regime hailed as a way to improve the fiscal positions of countries hit hard by the pandemic, but it could be years before tangible results are seen
  • Singapore, for example, may lose some of the tax advantages that helped its economy prosper in recent years

Topic |   Global minimum tax
The Group of Seven advanced economies agreed in June on a minimum tax rate of at least 15 per cent, and Group of 20 finance ministers also backed the plan this month. Photo: AP The Group of Seven advanced economies agreed in June on a minimum tax rate of at least 15 per cent, and Group of 20 finance ministers also backed the plan this month. Photo: AP
The Group of Seven advanced economies agreed in June on a minimum tax rate of at least 15 per cent, and Group of 20 finance ministers also backed the plan this month. Photo: AP
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