Treasury Secretary Janet Yellen unveiled a detailed sales pitch for the Biden adminstrationâs proposed new corporate-tax code, a plan that she said would be fairer to all Americans, remove incentives for companies to shift investments and profit abroad and raise more money for critical needs at home.
Expanding on the tax proposals released last week in President Joe Bidenâs $2.25 trillion economic package, the Treasury said the changes, over a decade, would bring back about $2 trillion in corporate profits into the U.S. tax net, with about $700 billion in federal revenue streaming in from ending incentives to shift profits overseas.
Amazon s Jeff Bezos Supports Infrastructure Bill, Corporate Tax Hike yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
A pandemic smoke break bodes ill for big tobacco newsday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.com Daily Mail and Mail on Sunday newspapers.
Bill Gates is aiming to work more closely with Amazon.com Inc. Chief Executive Officer Jeff Bezos to combat a climate crisis that the Microsoft Corp. co-founder said could dwarf the current pandemic in fatalities and global impact. “The deaths will just go up over time as you get more heat waves, forest fires and, most importantly, lose the ability to go outdoors and do farming anywhere near the equator,” Gates said in an interview with Bloomberg Television’s Emily Chang. His book, “How to Avoid a Climate Disaster,” went on sale earlier this month. Unlike the pandemic, it’s hard to get people to focus on catastrophes that may be decades away in enough time to avert them. “It s a real test of humanity to invest in advance for problems that come later,” Gates said.
Gates wants to team up more with Bezos to combat climate crisis bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.