How Joe Biden’s victory paves the way for a global corporate tax rate | South China Morning Post

How Joe Biden’s victory paves the way for a global corporate tax rate | South China Morning Post: Countries are losing, on average, 9.2 per cent of their health budgets to tax havens every year. Biden’s plan to increase US corporate tax will put pressure on the European Union to set the bar high as well, helping establish a 25 per cent global corporate tax rate.