Global Minimum Tax May Hurt Investment into China: Times

Some experts in China believe that enacting a global minimum tax may reduce foreign investment into China, and that Chinese companies, especially those in internet technology, may face new challenges in overseas operations, the Global Times said in a commentary after a total of 130 countries last week backed plans for a global minimum corporate tax of at least 15%. For developing countries, the implementation of a unified global minimum tax may create difficulties for economies struggling in the post-pandemic era, the newspaper said. The final agreement should allocate more taxing rights to developing countries, it said.