In July, 130 countries backed a plan led by the Organisation for Economic Cooperation and Development to set a minimum corporate tax rate of at least 15 per cent and countries where big firms operate would get the right to tax between 20 per cent to 30 per cent of profits exceeding a 10 per cent margin. Photo: Shutterstock In July, 130 countries backed a plan led by the Organisation for Economic Cooperation and Development to set a minimum corporate tax rate of at least 15 per cent and countries where big firms operate would get the right to tax between 20 per cent to 30 per cent of profits exceeding a 10 per cent margin. Photo: Shutterstock
In July, 130 countries backed a plan led by the Organisation for Economic Cooperation and Development to set a minimum corporate tax rate of at least 15 per cent and countries where big firms operate would get the right to tax between 20 per cent to 30 per cent of profits exceeding a 10 per cent margin. Photo: Shutterstock

China urged to act to minimise impact of global minimum tax rules, seen as ‘first step in the Long March’

  • In July, 130 countries backed plans led by the Organisation for Economic Cooperation and Development to set a minimum corporate tax rate of at least 15 per cent
  • Liao Tizhong, former director general of the State Administration of Taxation’s International Taxation Department, has urged China to conduct research

Topic |   Global minimum tax
In July, 130 countries backed a plan led by the Organisation for Economic Cooperation and Development to set a minimum corporate tax rate of at least 15 per cent and countries where big firms operate would get the right to tax between 20 per cent to 30 per cent of profits exceeding a 10 per cent margin. Photo: Shutterstock In July, 130 countries backed a plan led by the Organisation for Economic Cooperation and Development to set a minimum corporate tax rate of at least 15 per cent and countries where big firms operate would get the right to tax between 20 per cent to 30 per cent of profits exceeding a 10 per cent margin. Photo: Shutterstock
In July, 130 countries backed a plan led by the Organisation for Economic Cooperation and Development to set a minimum corporate tax rate of at least 15 per cent and countries where big firms operate would get the right to tax between 20 per cent to 30 per cent of profits exceeding a 10 per cent margin. Photo: Shutterstock
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