{"id":120202,"date":"2021-04-07T13:56:07","date_gmt":"2021-04-07T13:56:07","guid":{"rendered":"https:\/\/precoinnews.com\/?p=120202"},"modified":"2021-04-07T13:56:07","modified_gmt":"2021-04-07T13:56:07","slug":"imf-officials-endorse-bidens-corporate-tax-hike-global-minimum-plan","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/imf-officials-endorse-bidens-corporate-tax-hike-global-minimum-plan\/","title":{"rendered":"IMF officials endorse Biden's corporate tax hike, global minimum plan"},"content":{"rendered":"
WASHINGTON (Reuters) – International Monetary Fund officials on Wednesday endorsed U.S. President Joe Biden\u2019s plan to raise corporate income taxes and negotiate a global minimum tax, adding that companies and wealthy individuals that have prospered during the pandemic can afford to pay more.<\/p>\n
\u201cThe IMF has been calling for a minimum global corporate income tax rate as a way to interrupt the race to the bottom in corporate income taxation,\u201d IMF Fiscal Affairs Director Vitor Gaspar told a news conference. \u201cAnd that is something which is important to ensure that governments have the resources needed to the various spending priorities that they have to serve.\u201d<\/p>\n