Professor of Taxation Law and former Interim Dean of Osgoode Hall Law School, Jinyan Li, was recently quoted by Bloomberg News in an article on the expected response from China to the G7's apparent agreement on a new "global" minimum corporate tax rate.
The article, "China's Likely Bid for Tax Exemption Poses Risk to Global Accord", discusses the PRC's expected hesitancy when it comes to the new 15% global minimum tax rate for corporations, citing China's current domestic corporate tax policy - which often results in effective tax rates well-under the 15% minimum threshold proposed by the G7 for corporations located in China.
However, Osgoode's Professor Jinyan Li, an expert in Canadian and international taxation law and policy, is quoted in the piece noting that: "China could see a “potential tax revenue increase” if the final deal means more of multinational profits are “allocated to China than that under the existing transfer pricing rules,”.
You can read the piece in full by clicking here.
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