<p>US President Joe Biden will on Wednesday propose raising corporate tax from 21 per cent to 28 per cent to finance an ambitious plan to invest in infrastructure.</p>.<p>"The president is proposing to fundamentally reform the corporate tax code so that it incentivizes job creation and investment... and ensures that large corporations are paying their fair share," a senior official said.</p>
<p>US President Joe Biden will on Wednesday propose raising corporate tax from 21 per cent to 28 per cent to finance an ambitious plan to invest in infrastructure.</p>.<p>"The president is proposing to fundamentally reform the corporate tax code so that it incentivizes job creation and investment... and ensures that large corporations are paying their fair share," a senior official said.</p>