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US tax plan could help international efforts to tax tech giants

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US President Joe Biden has announced details of his plan to raise an additional $2.5 trillion in corporate taxes over the next 15 years. The money will be used to help fund a massive investment in America's infrastucture. The proposal may also boost efforts to overhaul the global system for taxing multinational companies, and in particular technology giants. Plans to establish or expand a global minimum corporate tax, and reallocate firms' tax liabilities based on where they make money could help secure agreement in ongoing negotiations on the issue at the OECD.

Added on the 08/04/2021 12:01:15 - Copyright : France 24 EN

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