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  • Biden to propose increasing corporate tax from 21% to 28%: official

Biden to propose increasing corporate tax from 21% to 28%: official


US President Joe Biden PHOTO: COLLECTED

  • BUSINESS
  • AFP, Washington
  • Published: 31 Mar 2021, 03:37 PM

US President Joe Biden will on Wednesday propose raising corporate tax from 21 percent to 28 percent to finance an ambitious plan to invest in infrastructure.

β€œThe president is proposing to fundamentally reform the corporate tax code so that it incentivizes job creation and investment… and ensures that large corporations are paying their fair share,” a senior official said.

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