The Biden Administration would like to increase corporate taxes. Big companies complain that the US has one of the highest corporate tax rates in the world, which is true. What they don't like to talk about, and it's also true, is that there are so many loopholes and deductions that they pay some of the lowest taxes in the world. Many large companies like Apple computer pay no taxes at all.
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(C) 2021 Ted Rall, Distributed by Andrews McMeel Syndication