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OECD corporate tax agreement has no exceptions for China - US official

WASHINGTON: An agreement backing a global minimum tax reached Thursday by 130 countries does not include any China-specific carveout or exceptions, a U.S. administration official said.

China and the other members of the Group of 20 major economies all signed the agreement, which backed plans for a tax rate of at least 15per cent, the official added.

(Reporting by Andrea Shalal)

Source: Reuters

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