Title : U.S. Proposes Global Minimum Corporate Tax Rate Of 15%
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U.S. Proposes Global Minimum Corporate Tax Rate Of 15%
The corporate tax rates across the world as of 2019
* The Treasury Department said it proposed a global minimum corporate tax rate of at least 15% during international tax negotiations on Thursday
* Treasury Secretary Janet Yellen first proposed a 21% global corporate minimum tax as part of President Joe Biden's $2.2 trillion infrastructure spending proposal
* Biden wants to pay for the American Jobs Plan by increasing the corporate tax rate to 28% from the current 21%
* Most countries that have a corporate tax rate below 15% are tax havens such as Bermuda and the Cayman Islands
* All of the G7 nations have a rate higher than 15% and China's rate is 25%
The Treasury Department said it proposed a global minimum corporate tax rate of at least 15% during international tax negotiations on Thursday, backing down from its earlier call for a 21% minimum rate.
Treasury Secretary Janet Yellen first proposed a 21 percent global corporate minimum tax in April as part of President Joe Biden's $2.2 trillion infrastructure spending proposal.
Biden wants to pay for the American Jobs Plan by increasing the corporate tax rate to 28 percent from the current 21 percent.
Read more ....
WNU Editor: Not going to happen. Too many governments, companies, and very rich elites will move heaven and earth to make sure this does not happen.
More News On The U.S. Proposing A Global Minimum Corporate Tax Rate Of 15%
U.S. proposes global minimum corporate tax rate of 15%, with an eye on something even higher -- CNBC
Biden administration proposes global minimum tax of at least 15% -- CBS
US proposes 15 per cent global minimum tax rate for companies -- SKY News
Treasury pitches global minimum tax rate of at least 15 percent -- The Hill
The corporate tax rates across the world as of 2019
* The Treasury Department said it proposed a global minimum corporate tax rate of at least 15% during international tax negotiations on Thursday
* Treasury Secretary Janet Yellen first proposed a 21% global corporate minimum tax as part of President Joe Biden's $2.2 trillion infrastructure spending proposal
* Biden wants to pay for the American Jobs Plan by increasing the corporate tax rate to 28% from the current 21%
* Most countries that have a corporate tax rate below 15% are tax havens such as Bermuda and the Cayman Islands
* All of the G7 nations have a rate higher than 15% and China's rate is 25%
The Treasury Department said it proposed a global minimum corporate tax rate of at least 15% during international tax negotiations on Thursday, backing down from its earlier call for a 21% minimum rate.
Treasury Secretary Janet Yellen first proposed a 21 percent global corporate minimum tax in April as part of President Joe Biden's $2.2 trillion infrastructure spending proposal.
Biden wants to pay for the American Jobs Plan by increasing the corporate tax rate to 28 percent from the current 21 percent.
Read more ....
WNU Editor: Not going to happen. Too many governments, companies, and very rich elites will move heaven and earth to make sure this does not happen.
More News On The U.S. Proposing A Global Minimum Corporate Tax Rate Of 15%
U.S. proposes global minimum corporate tax rate of 15%, with an eye on something even higher -- CNBC
Biden administration proposes global minimum tax of at least 15% -- CBS
US proposes 15 per cent global minimum tax rate for companies -- SKY News
Treasury pitches global minimum tax rate of at least 15 percent -- The Hill
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