President Biden proposed the American Jobs Plan, a comprehensive proposal to increase investment in infrastructure, the production of clean energy, the care economy as well other important priorities.
To reach this, the "Made In America Tax Plan" has been submitted by the US government as proposal for a global tax plan by removing incentives for offshore investment, significantly reducing profit shifts, reducing tax competition on corporate rates. The aim is to generate new funding for the US government to support its American Jobs Plan.
A global minimum profit tax of 21 percent is proposed, but despite the benefits for the US this can affect the global competitive position of some other countries.
For more information: Made In America Tax Plan Report and Article: Global Tax Reform and Article: Landen moeten multinationals kunnen belasten
NAZALI TAX & LEGAL