Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn By Kat via Flickr The G7’s groundbreaking agreement on international taxation, brokered at its meeting in the UK earlier this month, has received plaudits from many quarters. But one country that will be critical to making the plan a reality has remained notably silent: China. The reticence among leaders of the world’s second-largest economy should come as little surprise. The deal, initially struck by finance ministers from seven advanced economies including the U.S. and Japan, could threaten Beijing’s long-favored tactic of using corporate tax breaks to support particular industries and regions. The Chinese government may also be wary of handing the Biden administration — for whom a global tax deal has been a priority — a major diplomatic victory. “China can't be expected to cozy up to the U.S. on international tax the way American allies do,” says Wei Cui, a professor of tax law at the University of British Columbia and author of The Administrative Foundations of tSubscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.