 Biden to announce $2-trillion infrastructure plan that would transform U.S. economy U.S. President Joe Biden is to travel to Pittsburgh today to unveil his $2-trillion US plan to re-engineer America's infrastructure.Commentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
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Hey, Mikey!
To keep companies from shifting profits overseas to avoid taxation, a 21 per cent global minimum tax would be imposed. The tax code would also be updated so that companies could not merge with a foreign business and avoid taxes by moving their headquarters to a tax haven. And among other provisions, it would increase IRS audits of corporations.
This sounds ecellent:
To keep companies from shifting profits overseas to avoid taxation, a 21 per cent global minimum tax would be imposed. The tax code would also be updated so that companies could not merge with a foreign business and avoid taxes by moving their headquarters to a tax haven. And among other provisions, it would increase IRS audits of corporations.
21 percent is still lower than 28 percent. What good is making a 21 percent global tax rate when the U.S. rate is 28 percent? That is not going to stop anyone from leaving. I like the general idea but they need to crunch the numbers here. The global tax rate should be HIGHER than the U.S. rate, not lower.