Why China supports the new Global Minimum Corporate Tax

China supports the G7’s initiative for a Global Minimum Corporate Tax, which it prefers to the EU’s digital service tax proposal – here’s why, writes Torsten Weller. Relations with China figured prominently at June’s G7 summit in Cornwall. Yet despite many media reports highlighting the differences and potential flash points between Western democracies and the Communist Party in Beijing, the meeting addressed several points where both sides are pretty much…