Biden's proposed tax reforms aim to reduce the tax burden on US multinational corporations, which is currently seen as excessive. The proposals include raising the tax rate on multinationals and implementing a global minimum tax. The report provides an overview of the perceived advantages and disadvantages of these proposals, including their potential impact on investment and job creation. The report also discusses recent international proposals aimed at addressing the issue of excessive tax burdens on multinationals. The final administration strategy is yet to be determined, but the proposals have raised concerns among some lawmakers.
