Based on your research, assess which proposal you believe to be the most viable and financially attractive proposal for U.S. corporate taxpayers indicating how this proposal could be implemented.

Business & Finance Assignment Help – Tax Reform| Business & Finance homework help

According to our research, the Biden administration’s proposal of raising the corporate tax from 21% up to 28.5% is the most financially viable for U.S. corporations. This combined with other proposed measures such as eliminating certain carve-outs and deductions available to businesses, would generate additional revenue that could be used to fund a range of investments in infrastructure, education, clean energy and more – all of which have been identified as essential long-term drivers of economic growth.

This proposal must be passed by both chambers of Congress and signed by Biden before it can become law. The approval will allow companies to pay higher taxes in the future. This may cause some financial hardship for them initially, but this should eventually be offset by an increase in economic activity generated through their investment initiatives. Additionally, further legislation may be needed in order to ensure proper oversight and compliance with any/all new regulations related to corporate taxation as well as providing incentives for companies who make meaningful contributions towards achieving Biden’s larger vision for America’s future prosperity.