Newsalert: Biden's plan calls for a 28% corporate tax rate and would establish a 10% "offshoring penalty surtax" on those taxes for profits U.S. companies make on goods made overseas and sold in the U.S., which would result in a 30.8% tax rate.

Thursday, September 10, 2020

Biden's plan calls for a 28% corporate tax rate and would establish a 10% "offshoring penalty surtax" on those taxes for profits U.S. companies make on goods made overseas and sold in the U.S., which would result in a 30.8% tax rate.

Biden's plan calls for a 28% corporate tax rate and would establish a 10% "offshoring penalty surtax" on those taxes for profits U.S. companies make on goods made overseas and sold in the U.S., which would result in a 30.8% tax rate.https://t.co/Y63ClThyc2
— The Detroit News (@detroitnews) September 10, 2020