But to be clear, a 15% minimum corporate tax that does not have loopholes or exclusions, will likely have a negative effect on investment and innovation.
This conversation keeps morphing.
- Big companies aren’t paying corporate taxes
- Wait, raising the rate won’t help
- Wait, we have to close loopholes
- Wait, closing loopholes will negatively affect investment and innovation (and shareholders, which is the real concern from corporate America)
- Wait, we can’t do anything