The Group of Seven agreed to a minimum corporate tax floor of 15 per cent at the weekend, new rules that could affect Hong Kong. Photo: SCMP
The Group of Seven agreed to a minimum corporate tax floor of 15 per cent at the weekend, new rules that could affect Hong Kong. Photo: SCMP
Economy /  Global Economy

China urged to join global minimum tax regime, as Hong Kong says it may be ‘restrained’ by new rules

  • Few obstacles stand in the way of China accepting a global minimum tax rate because the country is already a magnet for investors, analysts say
  • But the new tax arrangements agreed by G7 could impact Hong Kong, where foreign companies are treated to a range of concessions

Frank Tang
Frank Tang in Beijing

Updated: 3:14pm, 2 Jul, 2021

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The Group of Seven agreed to a minimum corporate tax floor of 15 per cent at the weekend, new rules that could affect Hong Kong. Photo: SCMP
The Group of Seven agreed to a minimum corporate tax floor of 15 per cent at the weekend, new rules that could affect Hong Kong. Photo: SCMP
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