Ah, so his proposal is to keep them at 21% but with the additional 15% minimum? Which they say kicks in if a company's tax rate dips below 15% due to credits and other trickery.
I find it hard to believe that is how the 15% would really work and haven't seen the actual text of the proposal. Wouldn't they fight harder against a real minimum of 15% vs a 28% they won't pay anyway? On Tue, Jun 8, 2021, at 16:39, Howie Hawkins wrote: > Biden offers 15% minimum corporate tax instead of hiking from the basic rate > from 21% to 28% in infrastructure negotiations with Republicans: > > https://www.reuters.com/business/biden-offers-drop-corporate-tax-hike-proposal-source-2021-06-03/ > > https://www.washingtonpost.com/us-policy/2021/06/03/biden-infrastructure-tax-republicans/ > > https://www.businessinsider.com/biden-rollback-tax-hike-focus-on-minimum-corporate-tax-report-2021-6 > > https://www.usatoday.com/story/news/politics/2021/06/03/joe-biden-offers-keep-tax-cuts-intact-pay-infrastructure/7523881002/ > > > > > -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#9073): https://groups.io/g/marxmail/message/9073 Mute This Topic: https://groups.io/mt/83371128/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
