Transcription of General Explanations of the - United States Secretary of ...
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General Explanations of the Administration s fiscal Year 2022 Revenue Proposals Department of the Treasury May 2021 This document is available online at: i General Explanations of the Administration s fiscal Year 2022 Revenue Proposals TABLE OF CONTENTS REVENUE PROPOSALS .. 1 AMERICAN JOBS PLAN .. 2 Reform Corporate Taxation .. 3 Raise the Corporate Income Tax Rate to 28 Percent .. 3 Revise the Global Minimum Tax Regime, Disallow Deductions Attributable to Exempt Income, and Limit Inversions.
General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals REVENUE PROPOSALS In the Fiscal Year 2022 Budget, the President proposes a number of reforms to the Internal Revenue Code (Code) that would modernize …
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