Qatar- US Treasury calls for more taxes on overseas profits – MENAFN.COM

  • Date: 29-Mar-2021
  • Source: MENAFN
  • Sector:Economy
  • Country:Qatar
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Qatar- US Treasury calls for more taxes on overseas profits – MENAFN.COM

(MENAFN - Gulf Times) President Joe Biden's Treasury Department is calling for a 'more robust minimum tax on profits earned by American Corps overseas to remove incentives for companies to shift earnings outside US borders.

Making such a change is critical to maintaining domestic tax revenues and protecting American workers, Kimberly Clausing, the Treasury's deputy assistant secretary for tax