China Briefing by Wang Xiangwei
Why China should slash taxes just as the US seeks a global minimum rate for corporations
- Washington’s push for world economies to sign up to a minimum corporate tax level of 15 per cent offers Beijing a chance to reform its own tax regime by cutting corporate and personal income taxes and streamlining VAT and social security contributions
- Doing so could help China retain multinationals spooked by the trade war and rising business costs, attract more FDI, and bolster the country’s competitive edge in global supply chains
Wang Xiangwei was the Post's editor-in-chief from 2012-2015. He started his 20-year career at the China Daily, before moving to the UK, where he worked at a number of news organisations, including the BBC Chinese Service. He moved to Hong Kong in 1993 and worked at the Eastern Express before joining the Post in 1996 as China business reporter. He became China editor in 2000 and deputy editor in 2007, a position he held for four years prior to being promoted to Editor-in-Chief. He has a master's degree in journalism, and a bachelor's degree in English.