Re:Global minimum corporate tax: 130 nations to support U.S....
by robomartin on Friday July 02, 2021 @01:18AM
(#27708032)
You need to understand the business equation of a Chinese export company in order to understand what I am talking about. Books have been written on the subject. I can't do it justice here. Let's just say things don't run like they do in the US and Europe. Not even close.
China's corporate taxes are much higher than 15%, so it's not like they would be directly affected by this. They might oppose the plan (I have no idea), but it's unlikely to be on an economical aspect of that's the case.