Group 1 - The article discusses the adjustments made by the Trump administration to previous tax policies, particularly through the Global Intangible Low-Taxed Income (GILTI) rules, which effectively implement a minimum tax practice expected to continue in subsequent terms [1][4]. - China is currently an observer in the OECD process and has a long-term wait-and-see attitude towards the two-pillar framework, with its current corporate income tax rate at 25%, and certain sectors benefiting from a reduced rate of 15%, aligning with global minimum tax standards [2][5]. - The OECD's two-pillar framework was developed to address tax challenges arising from digitalization, with Pillar One focusing on reallocating taxing rights for large multinational enterprises and Pillar Two establishing a global minimum corporate tax rate to curb tax base erosion and profit shifting [3][4]. Group 2 - The implementation of Pillar Two has seen some Southeast Asian and European countries, as well as Hong Kong, advance its adoption, with Hong Kong introducing a minimum tax mechanism to meet global standards despite a standard tax rate of 16.5% [5]. - There is a growing global consensus on stabilizing corporate tax rates around 15% through domestic laws, regardless of the specific future direction of Pillar Two [5]. - Chinese companies expanding overseas are advised to understand the tax regulations of their investment destinations and utilize professional platforms to navigate tax issues, particularly in light of the "safe harbor rules" in places like Hong Kong [5].

Group 1 - China is currently an observer in the OECD process and has a long-term wait-and-see attitude towards Pillar One and Pillar Two of the BEPS initiative, which focus on the reallocation of taxing rights for large multinational enterprises and the establishment of a global minimum corporate tax rate respectively [2] - The current statutory corporate income tax rate in China is 25%, with certain high-tech enterprises and encouraged industries in western regions benefiting from a reduced rate of 15%, which aligns with the global minimum tax standards [3] - The OECD's dual pillar framework was developed in response to the challenges posed by the digital economy, aiming to address the imbalance in taxing rights and profit allocation among countries [4] Group 2 - Recent changes in the U.S. stance on Pillar Two, particularly under the Inflation Reduction Act, indicate a shift towards domestic solutions for minimum tax issues, moving away from punitive measures against countries implementing Pillar Two policies [4] - Some Southeast Asian and European countries, as well as Hong Kong, have already begun implementing Pillar Two, with Hong Kong introducing a minimum tax mechanism to meet global standards despite its standard tax rate being 16.5% [5] - There is a growing global consensus among countries to stabilize corporate tax rates around 15% through domestic legislation, indicating a clear direction for compliance with minimum tax standards [5]