Tax

One of the most powerful government levers for change are taxes. But changing taxes is almost always unpopular. Even so, that doesn’t look like it’s going to stop President Joe Biden from trying. Besides increasing corporation tax and eliminating all subsidies, loopholes, and special foreign tax credits available to the fossil fuel industry, he is increasing the minimum tax payable for offshore profits. Biden is also mounting a campaign to persuade all governments around the world to impose a minimum corporate tax, to tackle the pervasive tax avoidance of multinationals that locate head-offices or operations in tax haven countries.

— Wayne Visser

From Purpose Inspired: Reflections on Conscious Living, Volume 5. Buy on Lulu ↗