corporate tax rate

Biden Admin Wants Global Minimum Tax Rate on Companies: Treasury Secretary Yellen

Politics, Top News, World / By

Treasury Secretary Janet Yellen said the Biden administration is working with other like-minded world leaders to introduce a global minimum tax rate on companies. In a virtual speech delivered to the think tank Chicago Council on Global Affairs, Yellen deplored what she said has been a “race to the bottom” over the past 30 years, in …

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Biden Administration Eyes Raising Corporate Tax Rate to Pay for Stimulus

Business, Politics, Top News / By

WASHINGTON—The Biden administration has signaled that it could introduce gradual tax increases to help pay for spending initiatives, drawing criticism from Republicans who worry that the tax hikes would hurt the economy. As part of his campaign promise, President Joe Biden proposed raising the federal corporate tax rate to 28 percent from the current 21 …

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