#Top 3 CEXs: A Moment of Transformation

G7 countries agreed on a side-by-side tax agreement, relieving American firms.
The United States and other G7 members agreed to adopt a “side-by-side” approach to the framework, which would exempt American companies from parts of the international tax rules.
The US administration also committed to dropping Section 899 from its tax and spending package. Named the “revenge tax” as a part of section 899, it aimed at countries with tax systems and policies that Washington deemed unfair, stipulating tax hikes.
As part of the agreement, the other G7 countries also agreed to support the US position in discussions with the G20 and the Organisation for Economic Cooperation and Development (OECD), which has been spearheading global talks on corporate taxation, and some of whose proposals the US has opposed.
#Kevin Lee Joins Gate Square
#Hong Kong Digital Asset Policy 2.0