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World Service,20 Aug 2024,26 mins

Kamala promises to raise US corporate tax rate

World Business Report

Available for over a year

Kamala promises to raise US corporate tax rate if she wins the presidency. In contrast Donald Trump wants to slash the corporate tax rate to 15 per cent. The Tax Justice Network releases a new report suggesting that imposing a tax of between 1.7% and 3.5% on the richest households could help raise trillions of dollars globally each year. And Canada is facing the prospect of a train strike this week which could bring its freight rail system to a halt, potentially inflicting billions of dollars of damage on the economy.

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