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What is the G7’s global minimum tax, and how could it affect China?

Summary:
[unable to retrieve full-text content]Group of 7 (G7) leaders agreed in early June to set a minimum global corporate tax rate of at least 15 per cent.Years in the making, the deal means global businesses such as Google, Apple and Amazon will pay more tax in the markets they sell goods and services, and prevent multinationals shifting profits to jurisdictions where they pay little or no tax.But before it can be implemented, there are still a number of hurdles to clear, including getting the 139 nations under the aegis of the…

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[unable to retrieve full-text content]
Group of 7 (G7) leaders agreed in early June to set a minimum global corporate tax rate of at least 15 per cent.Years in the making, the deal means global businesses such as Google, Apple and Amazon will pay more tax in the markets they sell goods and services, and prevent multinationals shifting profits to jurisdictions where they pay little or no tax.But before it can be implemented, there are still a number of hurdles to clear, including getting the 139 nations under the aegis of the…

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