Yellen: Biden’s Corporate Tax Hike, Spending Plans to Boost Profits

‘And we hope business leaders will see it this way and support the jobs plan’

EXCERPT:

YELLEN: “We want to eliminate incentives that reward corporations for moving their operations overseas and shifting profits to low-tax countries. As part of this effort we’re working with our international partners on a global minimum corporate tax to stop the raise to the bottom. We’re confident that the investments and tax proposals in the jobs plan taken as a package will enhance the net profitability of our corporations and improve their global competitiveness, and we hope business leaders will see it this way and support the jobs plan.”

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