U.S. President Joe Biden is looking to move forward on a tax package that will include tax increases for higher-income individuals and companies. The package is reportedly being developed on the basis of the tax plans announced during the President's campaign in 2020, which included:
- An increase in the corporate tax rate from 21% to 28%;
- The introduction of a minimum tax at the rate of 15% on book income for companies with USD 100 million or more in annual net income;
- An increase in the tax …