Global minimum tax Archives

Frustrated US says India, China hindering global corporate tax deal as deadline nears

US Treasury Secretary Janet Yellen said on Friday she is trying to save a part of the global corporate tax deal focused on highly profitable multinational firms, but India is …

Hong Kong tax revenue could expand by US$1.28 billion under global minimum levy for corporations, official says

by Anas Siddiqui

Hong Kong tax revenue could expand by US.28 billion under global minimum levy for corporations, official says

The Hong Kong government could take in about HK$10 billion (US$1.28 billion) in additional tax revenue per year once it implements a new 15 per cent global minimum tax for …

Global minimum 15% corporate tax may undermine Hong Kong’s tax incentives to attract businesses, lawmaker Robert Lee warns

by Anas Siddiqui

The minimum rate of 15 per cent will only be 1.5 percentage points below Hong Kong’s corporate tax rate of 16.5 per cent. Under the new regime, if the effective …