OECD corporate tax agreement has no exceptions for China – U.S. official

WASHINGTON (Reuters) – 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 15%, the official added.

(Reporting by Andrea Shalal)