Biden to propose new 20% billionaire tax
Other countries
- 27 March, 2022
- 05:45
Add Report.az to preferred Google sources
Stay up to date with the top news!
President Joe Biden is expected to propose a 20% minimum tax rate on US households worth more than $100 million, Report informs, citing CNBC, which quotes from a document it obtained.
The proposed levy is expected to reduce the deficit by about $360 billion in the next decade, according to the document.
Over half the revenue could come from those worth more than $1 billion.
According to the TV channel, Biden will set the proposal on March 28.
Latest News
22:34
Education authorities inspect dress-code compliance in Baku schools
Education and science
22:15
Photo
Azerbaijani photo club continues 'landmine-free world' campaign in Sarajevo
Foreign policy
21:59
Shaffer: Military outcome paved way for Armenia-Azerbaijan peace
Foreign policy
21:31
29 foreign ministers accuse Iran of hostile hybrid activities
Other countries
20:53
Photo
Azerbaijan's new ambassador presents credentials to Pakistan's president
Foreign policy
20:34
Škoda Group plans manufacturing and maintenance facility in Baku
Industry
20:22
Uzbekistan names Botir Qudratkhodjayev new defense minister
Region
20:18
Photo
Azerbaijan Army holds graduation ceremony for Officer Development Cour
Military
20:13
Ukrainian ambassador: More than 700 children received support in Azerbaijan
Foreign policy