News Snapshot:
The US, China and the rest of the world’s leading nations have backed plans for new cross-border rules on where and how much multinational companies are taxed. The Paris-based Organisation for Economic Cooperation and Development, which hosted the talks, said a global minimum corporate income tax of at least 15% could yield around $150 billion in additional global tax revenues annually. It said 130 countries, representing more than 90% of global GDP, had backed the agreement after two days of talks. Also on AF: June sales of Nio, Xpeng break records with chip shortage relief in sight New rules on...
