May 13, 2021
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1:33
2:20Now PlayingBiden wants to raise the corporate tax rate to fund his infrastructure bill. Here’s how some of America’s largest corporations avoid paying taxes. RELATED
The Biden administration unveiled details of a plan to raise corporate taxes and discourage U.S. multinationals from shifting investment and profits overseas to reduce their tax burden.
The “Made in America Tax Plan,” which would require passage by Congress, expands on Treasury Secretary Janet Yellen’s call this week for a global minimum tax to prevent countries from cutting their tax rates to attract multinational firms.
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