LIKE & FOLLOW US

White House Economic Adviser Says Global Minimum Corporate Tax Needed to Offset Biden Tax Hike

Share this!

From Epoch Times:
Cecilia Rouse, chair of the Council of Economic Advisers, said the Biden administration continues to urge its trading partners to adopt a global minimum tax on corporations to offset the impact of President Joe Biden’s proposed domestic corporate tax increase. “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 with the rest of the world so that corporations are paying their fair share worldwide,” Rouse told “Fox News Sunday.” The Biden administration’s appeal for international cooperation on the global corporate minimum tax rate is a bid to at least partially counteract any disadvantages that might arise from the president’s proposal to raise the U.S. corporate tax …
Read More

****DISCLAIMER****

This article was aggregated by Artificial Intelligence and this content does not necessarily reflect the opinions of Counter Globalist News. We do not own this content. Counter Globalist News is aggregating this article under fair use law for news and commentary purposes on social media networks. All aggregated content is automatically deleted from this site after 14 days. Please bookmark the source or archrive this page if you wish to reference it in the future.

LIKE & FOLLOW US

0 0 vote
Article Rating

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments

Be First to Know!

Join Our Other 2,612 Happy Newsletter Subscribers!


No, thanks!

0
Would love your thoughts, please comment.x
()
x
%d bloggers like this: