<p>Treasury Outlines Biden’s Corporate Tax Proposals</p>

Treasury Outlines Biden’s Corporate Tax Proposals

U.S. Department of Treasury

President Biden’s “Made in America” tax plan would raise the corporate tax rate to 28 percent, modify the global minimum tax, implement a 15 percent minimum tax on corporate book income, and extend and enhance tax credits for clean energy production, among other measures, according to a report released April 7 by Treasury.

<p>President Biden’s “Made in America” tax plan would raise the corporate tax rate to 28 percent, modify the global minimum tax, implement a 15 percent minimum tax on corporate book income, and extend and enhance tax credits for clean energy production, among other measures, according to a report released April 7 by Treasury.</p>