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China’s Likely Bid for Tax Exemption Poses Risk to Global Accord

  • Beijing expected to seek to retain high-tech sector incentives
  • G-20 finance ministers aiming for preliminary deal next month
A pedestrian walks on a riverside path near the Lujiazui financial district in Shanghai.
Photographer: Qilai Shen/Bloomberg

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Rich nations are bracing for China to seek exemptions from a global minimum corporate tax, a potential stumbling block for governments racing to reach wider international consensus on the plan next month.