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Economy

China and US home to nearly 60% of companies likely to pay global tax

Tencent, Alibaba and Vanke among names that clear revenue and profit thresholds

Chinese tech groups Tencent and Alibaba are among the companies likely to be caught by a proposed global tax plan. (Nikkei montage/Source photos by Reuters)

TOKYO -- U.S. and Chinese companies make up more than half the multinational companies likely to be caught by a proposed global tax plan, which is expected to open up roughly $100 billion in annual profits to taxation.

Nikkei research based on earnings data from QUICK FactSet shows 81 companies meeting the revenue and profit margin thresholds set out in an agreement announced Thursday.

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