The global corporate minimum tax would ensure all companies worldwide pay a minimum tax of 15% and would require higher taxes of large companies in countries where they have customers.
Word has leaked out that the Biden administration is about to enter negotiations with Big Pharma, for the express intent of shifting the cost of COVID vaccines and lifesaving antiviral medications, to the patient.
After a year of reporting on the tax machinations of the ultrawealthy, ProPublica spotlights the top tax-avoidance techniques that provide massive benefits to billionaires.
"Any millionaire who has sense enough to see that our current economic model is failing will support these protests."
The introduced tax code for the nearly 700 billionaires would raise $1 trillion over ten years, according to a press release.
A new report reveals that the very richest pay lower rates than the merely rich.
After ProPublica's Secret IRS Files showed how the richest avoid taxes — often by minimizing income and relying on their wealth — the Biden administration unveiled a plan that could raise hundreds of billions in tax revenues. Its fate is uncertain.