Biden’s $2T infrastructure plan to be funded by corporate tax hike proposal

Fox Business News ^ | March 31, 2021 | Brittang De Lea

[mrsmith]

“The earnings are computed by taking the revenues of the business and subtracting the costs of generating that revenue. “

Which costs are increased by the new taxes. The corp likely can’t keep it’s investors if they have reduced profits.
Sure, there’s lots of other stuff going on.

The costs of tariffs is a good example of other influences. Those costs were absorbed mostly by Chinese manufacturers, so they weren’t passed on to the consumers.
But the media screamed they would be.

[piasa]

G7: Rich nations confident on reaching tech tax deal
6/5/2021, 6:54:40 AM · by Oldeconomybuyer · 1 replies
BBC News ^ | June 5, 2021
Finance ministers from the G7 group of leading economies are confident of striking a deal on taxing multinational companies at their meeting in London. The agreement is expected to include a global minimum rate of corporation tax. It would target tech giants such as Amazon and Microsoft. German finance minister Olaf Scholz said the deal would “change the world”. He said a 15% rate would help pay back debts that have built up during the pandemic - and that he was “absolutely confident” there would be an agreement. “If we agree on the minimum taxation for corporates, this will help...

EU backs U.S. call for global minimum corporate tax, but rate to be decided
4/12/2021, 9:21:41 AM · by BlackAdderess · 16 replies
Reuters ^ | Jan Strupczewski
BRUSSELS (Reuters) - The European Commission backed on Tuesday a call from U.S. Treasury Secretary Janet Yellen for a global minimum corporate tax, but said its rate should be decided in talks in the Organisation for Economic Cooperation and Development (OECD). Yellen said on Monday she was working with G20 countries to agree on a global corporate minimum tax rate to end a “thirty-year race to the bottom on corporate tax rates”.