The Biden administration has announced a revised framework for the Build Back Better Act. In order to pay for the investments included in the framework, a revised package of tax measures is provided, including:
- A 15% minimum tax on large corporations reporting over USD 1 billion in profits,
- A 1% surcharge on corporate stock buybacks;
- Measures for implementing the 15% global minimum tax agreed to at the level of the OECD;
- A new surtax on high-income individuals; and
- Investments in improvin…