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Hong Kong backs US-led global effort to ‘combat tax evasion’, with mainland China also on board

Summary:
[unable to retrieve full-text content]Both Hong Kong and mainland China have backed the United States-led initiative to implement a global minimum tax rate, with the city’s financial secretary supporting efforts by the international community to “combat tax evasion”.Mainland China, as well as its special administrative regions of Hong Kong and Macau, are among the 130 economies that have signed on to the “Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy”, which proposes…

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[unable to retrieve full-text content]
Both Hong Kong and mainland China have backed the United States-led initiative to implement a global minimum tax rate, with the city’s financial secretary supporting efforts by the international community to “combat tax evasion”.Mainland China, as well as its special administrative regions of Hong Kong and Macau, are among the 130 economies that have signed on to the “Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy”, which proposes…

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