Tax Execs See Possible Corporate-Rate Hike, But Maybe Not to 28%

Logo: Bloomberg Law

By Michael Rapoport

Tax executives from multinational companies are bracing for a potential increase in the corporate tax rate, though they’re optimistic it won’t be raised all the way to 28% as President Joe Biden has proposed. Biden’s planned increase to 28%, from the current 21% rate, has faced resistance from corporate America and Republicans. And not all Democrats are on board with it. 

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By Michael Rapoport, posted on Thursday April 22, 2021

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