Opponents say Biden’s plan will hurt US competitiveness
By Evie Fordham
Council of Economic Advisers chair Cecilia Rouse pushed for a “global minimum tax” on corporations to counteract President Biden’s proposed corporate tax rate hike.
“The idea is to make sure that corporations are paying their fair share, to button up some of the loopholes, which have meant more corporations were actually putting more money offshore – off of U.S. soil – and having a global minimum tax so that we’re working with the rest of our trading partners, so that we’re working..
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