The US proposed to set the minimum corporate income tax rate at 15%

The US Treasury Department said that it is necessary to continue discussions to raise this rate higher.

The US Treasury Department has proposed to establish a global corporate income tax of at least 15%. This is stated in a press release published on the agency’s website on Thursday.

“The Ministry proposed to the coordination group that the global minimum tax rate [on corporate profits] should be at least 15%,” the report said.

The Ministry stressed that this is the lowest possible rate and that it is necessary to continue ambitious discussions to raise this rate higher.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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