The scheme is intended to ensure firms pay minmum rate of 15 per cent. Photo: Shutterstock Images The scheme is intended to ensure firms pay minmum rate of 15 per cent. Photo: Shutterstock Images
The scheme is intended to ensure firms pay minmum rate of 15 per cent. Photo: Shutterstock Images

China says it will continue to work for ‘fairer’ global minimum tax rate that could force tech giants to pay more

  • The plan is being driven by the G20 and OECD and could make it harder for the likes of Apple, Google and Facebook to avoid paying tax in their home countries
  • The two-pillar scheme is designed to impose a global minimum of 15 per cent on corporations

Topic |   Global minimum tax
The scheme is intended to ensure firms pay minmum rate of 15 per cent. Photo: Shutterstock Images The scheme is intended to ensure firms pay minmum rate of 15 per cent. Photo: Shutterstock Images
The scheme is intended to ensure firms pay minmum rate of 15 per cent. Photo: Shutterstock Images
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