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China quiet on global minimum corporate tax rate backed by G20 as questions over Hong Kong’s tax-haven status arise

While Beijing is unlikely to have a major problem with Washington’s call for the world’s leading economies to agree on a global minimum corporate tax rate, China is nevertheless likely to take a cautious approach in international negotiations given the continued high level of tensions between the two top economies, according to Chinese analysts and academics.A bigger concern for China would be the impact a global minimum corporate tax could have on Hong Kong – the seventh-largest tax haven in…While Beijing is unlikely to have a major problem with Washington’s call for the world’s leading economies to agree on a global minimum corporate tax rate, China is nevertheless likely to take a cautious approach in international negotiations given the continued high level of tensions between the two top economies, according to Chinese analysts and academics.A bigger concern for China would be the impact a global minimum corporate tax could have on Hong Kong – the seventh-largest tax haven in…Read MoreSouth China Morning Post