News

Corporate Taxes

Reuters | Equities.com |

Global merger and acquisition (M&A) activity has breached new highs, building on the record-breaking dealmaking streak from the beginning of the year that has been aided by low interest rates and soaring stock prices.

According to Refinitiv data, the total value of pending and completed deals announced in 2021 has already touched $3.6 trillion year-to-date, surpassing the full-year tally of $3.59 trillion in 2020.


AP News | Equities.com |

Finance ministers from the Group of 20 countries will push for agreement on proposals backed by U.S. President Joe Biden to deter tax dodging by multinational companies.

While approval of the sweeping tax package is likely at the G-20 meeting Friday and Saturday in Venice, the proposals still face a key hurdle in the U.S. Congress, where Republicans have vowed to oppose it.


Reuters | Equities.com |

President Joe Biden has championed raising the U.S. corporate tax rate to 28% from 21% as the main way to fund his $2 trillion infrastructure plan, but few people in Washington, including inside the White House, really think the rate will land there.

Biden made it clear on Wednesday that he is open to compromise, after a reporter asked if he would be willing to agree on a tax rate below 28%.


Reuters | Equities.com |

Amazon.com Inc supports a hike in the U.S. corporate tax rate as part of an infrastructure overhaul, Jeff Bezos, chief executive of the largest U.S. retailer, said on Tuesday after facing withering criticism from the White House, Congress and on social media.

“We support the Biden Administration’s focus on making bold investments in American infrastructure,” Bezos said in a blog post. “We recognize this investment will require concessions from all sides — both on the specifics of what’s included as well as how it gets paid for (we’re supportive of a rise in the corporate tax rate).”