Taxes

Part of the Biden tax reform is to place a minimum 21% tax on US corporation profits made outside the country. If companies make profits in another country where the tax rate is say, ten percent, the US would top this off by adding another 11%. This will discourage companies from transferring operations to other countries to get a lower tax rate. Trump started something similar but at a lower level in 2017. This could help to keep jobs here. The same thing happens when the corporate tax rate in the US is lowered. Money is mobile and those in charge of taxes must remember this.