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Biden says global corporate tax agreement helps American working families

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WASHINGTON, Oct 8 (Reuters) – U.S. President Joe Biden on Friday welcomed a brand new global deal to make sure huge corporations pay a minimal tax charge of 15% and stated it might assist working families in America.

“For decades, American workers and taxpayers have paid the price for a tax system that has rewarded multinational corporations for shipping jobs and profits overseas,” stated Biden, who had strongly backed the concept. “This race to the bottom hasn’t just harmed American workers, it’s put many of our allies at a competitive disadvantage as well.”

Reporting by Doina Chiacu;
Editing by Sonya Hepinstall

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