Biden to propose hiking corporate tax from 21% to 28%'The president is proposing to fundamentally reform the corporate tax code so that it incentivizes job creation and investment'
Last Updated IST
US President Joe Biden. Credit: Reuters File Photo
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.
"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.