Corporate Tax

The OECD corporate tax treaty doesn’t present for any exceptions for China

Exterior view of the headquarters of the Organization for Economic Co-operation and Development (OECD) in Paris September 3, 2009. REUTERS / Charles Platiau

WASHINGTON, Jul. 1 (Reuters) – An agreement signed Thursday by 130 countries to support a global minimum tax does not contain any China-specific spin-offs or exemptions, a US government official said.

China and the other members of the Group of 20 Great Economies all signed the deal, which backed plans for a tax rate of at least 15%, the official added.

Reporting by Andrea Shalal

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