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China

The fallout from PwC China’s Evergrande audit has reportedly hit the firm hard; in other news, the US and Turkey look to reform their corporate tax rates
PwC reportedly faces a minimum penalty of $137.9 million according to sources familiar with the matter; in other news, KPMG merges its Swiss and UK arms
The ‘big four’ firm has threatened to legally pursue those behind the letter, which has been circulating on social media
Jurisdictions that have ratified the global minimum tax are now in the process of making it a reality
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