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Biden to unveil plan for 21% global minimum tax

White House wants to raise US corporate tax rate to 28%

Joe Biden is proposing to plough $2 trillion (€1.7 trillion) in government spending into US infrastructure alongside $2 trillion in higher corporate taxes, in the first stage of a…

  • The Irish Times

Mr Biden wants to raise the corporate tax rate from 21 per cent to 28 per cent, and muster additional revenue through a 21 per cent global minimum tax, calculated on a…

The president also wants to scrap an exemption from taxes for companies on the first 10 per cent of earnings produced internationally and end tax preferences for fossil fuel producers…

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