On the 7th, the Biden administration in the United States announced a tax reform plan to strengthen corporate taxation.

It is a major shift in the policies that have been used to reduce corporate tax burdens and lead to investment and economic buoyancy, and is calling on each country to stop the competition to reduce corporate tax.

In this reform plan, which was named "Made in America Tax System,"


the corporate tax rate, which was lowered by the former Trump administration to 21%, will be raised to 28%, and the


profits raised by large corporations will be further taxed. Strengthen.



In addition,


▽ a minimum tax rate has been set for corporate taxes of companies operating overseas, and


▽ penalties for cross-border tax avoidance "tax avoidance" have been strengthened.



The Ministry of Finance estimates that this plan will generate tax revenue of 275 trillion yen in Japanese yen over 15 years.



With regard to corporate tax, competition to reduce the tax rate has continued internationally, saying that reducing the burden on companies will attract new investment and promote economic growth, but this time the United States has embarked on such a major shift in policy.

Treasury Secretary Janet Yellen said in a telephone interview yesterday, "Reducing the corporate tax rate did not generate new production or investment. This calls on the world to stop the competition to reduce taxes."



While stock prices continue to rise due to monetary easing after the spread of the new coronavirus infection, delays in employment recovery have become a common issue in countries around the world, and the Biden administration plans to invest in infrastructure to create jobs. There is also the aim of requiring companies to bear a reasonable burden in advancing.

President Biden "Unfair must end"

"There is also a survey that at least 55 large businesses are exempt from paying taxes using loopholes in various institutions, which is unfair to many tax-paying people," Biden said in a press conference yesterday. That has to be done. I'm tired of being burdened only by ordinary citizens, "he said, calling for increased corporate taxation.