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U.S. Senator Warren Proposes 7% Surtax on Global Income

|Proposed Changes|United States
United States

U.S. Senator Elizabeth Warren (D-MA), who is currently a candidate for U.S. president, has proposed the introduction of a 7% surtax on companies in addition to and separate from the current 21% corporate tax. As proposed, the 7% surtax would apply to companies with global profits exceeding USD 100 million per year and would be based on after-tax global income as reported in a company's financia…

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