White House Economic Adviser Says Global Minimum Corporate Tax Needed to Offset Biden Tax HikeEpoch Times, United States politics | The Epoch Times

Cecilia Rouse, chair of the Council of Economic Advisers, said the Biden administration continues to urge its trading partners to adopt a global minimum tax on corporations to offset the impact of President Joe Biden’s proposed domestic corporate tax increase. “The idea is to make sure that corporations are paying their fair share, to button up some of the loopholes, which have meant more corporations were actually putting more money offshore—off of U.S. soil—and having a global minimum tax so that we’re working with the rest of our trading partners, so that we’re working with the rest of the world so that corporations are paying their fair share worldwide,” Rouse told “Fox News Sunday.” The Biden administration’s appeal for international cooperation on the global corporate minimum tax rate is a bid to at least partially counteract any disadvantages that might arise from the president’s proposal to raise the U.S. corporate tax …Read More

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